Gulf Business News | Do Oil Prices Still Power International Currency Values? Gulf Business News The answer – which is a very definite yes – may surprise you, as it did the currency trading community in December 2014 and January 2015, when oil prices plunged on OPEC's decision not to cut supply. The markets were caught napping, having become ... Iranian crude oil price up $7 in a week Iran says no bad faith in Saudi oil moves As Oil Prices Climb, Here's How to Play the Rebound in Energy |