Yes, clearly a 25% rise in the euro ($1.28 to $1.60) caused a 130% spike in oil prices (from $60 to $140/bbl) in 2007/8.These charts show very similar patterns in the rise of both Oil and the €uro against the Dollar, a clear sign that the record 147 $/barrel had much to do with the weakness of the greenback.
Data abuse at The Oil Drum
This is just sloppy:
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