Crude Oil Prices On Track For Monthly Gain As Dollar Gains Support
LONDON: Oil prices rose on Friday and were on track for monthly gains, boosted by a weaker dollar amid lingering concerns over the recovery of the US economy as the coronavirus ravages the world’s largest economy and consumer of world oil.
Brent was up 31 cents, or 0.7%, at $ 43.25 a barrel at 8:31 a.m. GMT. On Thursday, Brent closed 1.9% lower after hitting its lowest since July 10.
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