Oil prices rise 1% as U.S. dollar weakens

01/09/2020 Argaam

Oil prices rose during Tuesday’s trading session, as the US dollar fell to its lowest since May 2018.

 

Brent crude futures for November delivery rose 1.1% to $45.78 a barrel, while U.S. Nymex crude for October delivery was up 1% at $43.05 a barrel.

 

The dollar index, which measures the performance of the U.S. currency against a basket of six currencies, fell 0.4% to 91.791 points.

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