This is a Saudi Arabia news story, published by TipRanks, that relates primarily to US Treasury news.
For more Saudi Arabia news, you can click here:
more Saudi Arabia newsFor more forex trading & speculation news, you can click here:
more forex trading & speculation newsFor more news from TipRanks, you can click here:
more news from TipRanksOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about forex trading & speculation, you might also like this article about
oil market. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest surplus oil revenues news, oil exports news, news about forex trading & speculation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
crude oil transactionsTipRanks
•
69% Informative
The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire.
The agreement stipulated that Saudi Arabia would price its oil exports exclusively in US dollars and invest its surplus oil revenues in US Treasury bonds.
By mandating that oil be sold in DXY , the agreement elevated the dollar's status as the world’s reserve currency.
VR Score
76
Informative language
78
Neutral language
45
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links