Arab Today, arab today oil prices rise amid weak dollar
Last Updated : GMT 00:23:52
Arab Today, arab today
Arab Today, arab today

Oil prices rise amid weak dollar

Arab Today, arab today

Arab Today, arab today Oil prices rise amid weak dollar

Oil prices rise
New York - XINHUA

Oil prices climbed Tuesday as a weaker greenback provided support for the dollar-priced crude. The U.S. dollar retreated from a three-month high on profit- taking. The dollar index, which measures the greenback against six major currencies, was down 0.71 percent to 97.333 in late trading. The oil prices rose as a softer greenback made the dollar- priced crude less expensive and more attractive for buyers holding other currencies. The West Texas Intermediate for August delivery moved up 21 cents to settle at 50.36 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery increased 39 cents to close at 57.04 dollars a barrel on the London ICE Future Exchange.

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