Oil has been trading higher against the US dollar for the past month, but that is not the case today. The dollar is strong and oil is even stronger, rising almost $2 to a high of $90. 6. This is just above the September high of $90. 0. and this is an important level to watch at the end of today. This is the fifth day in a row. oil daily ddd In part, a strong US economy — even with interest ratesis thought to be keeping US demand high. At the same time, many are beginning to see that China is loosening restrictions on the movement of coronaviruses.