Global crude prices rise on falling inventories & weakening US dollar ...News

Oil prices reached one-month highs on Tuesday as the dollar fell, making commodities priced in the US currency more attractive, allowing investors to pay less for dollar-denominated oil using other currencies. Expectations for a fall in crude inventories in the United States, the world’s biggest consumer, also boosted global oil prices, though rising coronavirus cases in Asia capped gains. Brent crude futures for June delivery rose by more than 1%, hitting a session high of over $68 a barrel at 09:15 GMT. US West Texas Intermediate (WTI) crude futures for May delivery, which expire on Tuesday, were also up over 1%, trading above $64 pe

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