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Oil rose
West Texas
Intermediate crude rose from the lowest level in one month as the U.S. dollar
weakened against a basket of major currencies after a report showed
Crude
gained as the Dollar Index fell as much as 0.5 percent, raising the investment
appeal of commodities priced in the currency. Manufacturing in the
WTI crude
for July delivery gained $1.33, or 1.5 percent, to $93.30 a barrel at 10:15
a.m. on the New York Mercantile Exchange. The volume of all futures traded was
5 percent below the 100-day average for the time of day. The futures ended at
$91.97 on May 31, the lowest settlement since May 1. Prices slid 1.6 percent in
May.
Brent oil
for July settlement rose $1.92, or 1.9 percent, to $102.31 a barrel on the
London-based ICE Futures Europe exchange after closing May 31 at the lowest
settlement since May 1. Volume for all contracts was 29 percent above the
100-day average.
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