Crude oil rose in New York as the dollar decline Boosts Appeal of Commodities


crude oilOil climbed in New York after the dollar fell against the euro, the strengthening of investor demand for commodities.

The December contract rose as much as 28 cents, or 0.3 percent, to $ 82.22 a barrel in electronic trading on the New York Mercantile Exchange and was at $ 82.20 at 10:40 Sydney time. Yesterday fell 61 cents, or 0.7 percent, to $ 81.94. Prices by 3.6 percent this year.

source:bloomberg


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