Light sweet crude oil in the world market is US dollar denom

Light, sweet crude oil in the world market is US dollar denominated The price of oil is rising partially because the dollar is not worth what it used to be (ie the dollar is now worth less than last year or las month). If the dollar today is worth 0.75 euros in Europe (ie. 1 euro = $1.33 US), the value in euros of $67 US per barrel oil is most nearly.

Solution

50 euros per barrel

=67/1.33