I want to dispel a rumor- that oil can only be bought or sold in US Dollars. Is this true or false?

I've heard rumors that oil as a commodity may only be bought or sold using US Dollars. I am seeking further information to confirm or deny this claim, that oil may only be traded using US$.





Please refrain from political rhetoric and the like, if at all possible. I am simply trying to be more informed on oil and currency, thank you.I want to dispel a rumor- that oil can only be bought or sold in US Dollars. Is this true or false?
WTI, Brent Crude, Dubai Crude, and the OPEC Basket are price benchmarks and are listed in US$ for the sake of comparisson. How one arranged purchase of oil from a supplier, however, would be an agreement between the buyer and the supplier in whatever currency that they saw fit to conduct business in.I want to dispel a rumor- that oil can only be bought or sold in US Dollars. Is this true or false?
I do not think it is totally a rumour. Anytime the price of oil is listed, it is always in dollars. I guess this is because of the stability, strength and general acceptability of the dollar in the international markets.
US$ per barrel has been the standard measure of oil value. It makes comparison easier. Payment for oil would be in any currency to the US$ rate, depending on the agreement.