OIL FUTURES: Nymex Crude Rising On Weaker Dollar, Demand Outlook - Wall Street Journal

NEW YORK (Dow Jones)--Crude futures rose Wednesday on the back of a weaker dollar and rising expectations for higher global oil demand.

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Light, sweet crude for October delivery recently traded up 51 cents, or 0.7%, at $71.61 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 79 cents higher at $70.21 a barrel. The dollar is once again acting as a trigger for the oil market, with crude futures shooting higher as soon as the U.S. currency's value approached a 2009 low against the euro. Oil futures rose ...

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