Is oil prices going up because the dollar is going down, or because Arabs are greedy?

The Arab economy is based almost exclusively on oil. They know their supply is finite so they are trying to stretch it out and make it last longerIs oil prices going up because the dollar is going down, or because Arabs are greedy?
i don't think there is any relation to the prices of oil in the world market to the appreciation/depreciation of the USD. Pump prices might be affected because of a double whammy, depreciating dollars and increasing price of oil.





I would say the Arabs are greedy.Is oil prices going up because the dollar is going down, or because Arabs are greedy?
Arabs are greedy, the oil supply is going down
Oil price is going up because commodity traders in Wall Street are buying up oil futures at higher price. Since value of dollar is going down due to inflation, they believe that price of oil will increase above the inflation curve.





Arabs or OPECs have not decreased nor increased oil production. It's probably not fair to call them greedy at this time.
The last three years oil prices have gone up because of greedy American companies gauging Americans-the American oil companies have seen the largest profit margins ever, in the last three years, not because of the Arabs although they would like you to believe this so the heat can be taken off them.
It is more like the gas suppliers are the greedy ones.

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