Rising oil prices amid weak dollar

Oil prices rose in trading today, Thursday, in light of the depreciation of the dollar and expectations of increased demand from China after the resumption of economic activity.

By 09:29 Moscow time, futures for US West Texas Intermediate oil rose by 0.29% to $80.39 per barrel.

Brent oil futures traded at $86.27 a barrel, up 0.17% from the previous close.

Brent closed yesterday at $86.12/bbl, down slightly, equivalent to one cent, while U.S. oil rose by a small amount, the equivalent of two years, to $80.15/bbl.

In the foreign exchange markets, the dollar index fell against a basket of major currencies by 0.08%, to 101.55 points.

Source: RT + Bloomberg