Oil higher | The Daily Star
11:00 PM, November 16, 2009 / LAST MODIFIED: 11:00 PM, November 16, 2009

Oil higher

Oil was higher in Asian trade Monday as investors bought into commodities including crude on the back of a weak dollar, analysts said.
New York's main contract, light sweet crude for December delivery put on 71 cents to 77.06 dollars a barrel.
Brent North Sea crude for January delivery gained 55 cents to 76.86 dollars.
"The US dollar has been relatively soft this morning and I think that has been the main reason why we are seeing oil prices recovering a little bit," said David Moore, a Sydney-based commodities analyst with the Commonwealth Bank of Australia.

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