Oil price recovers as dollar weakens against euro

Oil prices steadied above 48 dollars a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Brent crude oil futures rose 22 cents to 48.38 dollars a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 10 cents to 45.25 dollars a barrel. The euro rose for a second day against the dollar after an 11-year low on Monday. Prices were also supported after the Secretary-General of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said ...
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Added January 28, 2015
from Tribune News