NEW YORK (Dow Jones)--Crude futures rose Thursday, supported by a weaker dollar, though soft U.S. retail sales and jobs data prevented any major gains.
Full Story: OIL FUTURES: Nymex Crude Ends Higher On Weaker Dollar - Wall Street Journal
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Light, sweet crude for September delivery settled up 36 cents, or 0.5%, at $70.52 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 59 cents, or 0.8%, higher at $73.48 a barrel. The dollar has taken a leading role in directing oil prices, helping to keep them around $70 a barrel despite weak demand and rising inventories. Dollar-denominated oil becomes relatively cheap when the dollar ...Full Story: OIL FUTURES: Nymex Crude Ends Higher On Weaker Dollar - Wall Street Journal
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