Oil prices rise 1% as dollar mood worsens

Oil prices rise 1% as dollar mood worsens

By Sonali Paul and Seng Li Peng

MELBOURNE / SINGAPORE: Oil prices rose on Tuesday, reversing losses overnight, as investors turned to risky assets and stayed away from the safe-haven US dollar, which hit lows. trough of several years.

Brent futures rose 47 cents, or 1 percent, to $ 45.75 a barrel at 6:35 a.m. GMT. U.S. West Texas Intermediate (WTI) crude futures rose 43 cents, or 1 percent,…

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