OIL FUTURES: Crude Back Up To $72/Bbl As Dollar Loses Ground - Wall Street Journal

LONDON (Dow Jones)--Crude oil futures climbed more than a dollar to back above $72 a barrel after two days of falls Tuesday, tracking a fresh bout of weakening in the dollar and as German data boosted optimism over economic recovery.

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Crude prices continued to take much of their cue from the greenback Tuesday. The dollar lost ground after two days of strengthening as Russian officials again questioned its role as a reserve currency. A falling greenback makes commodities more attractive to investors seeking a currency and inflation hedge. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.

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