Crude oil prices increase on weakening dollar
Oil prices rose by 1.06%-1.14%
On 1 November 2022, 08:46 (UTC+3), Brent Crude futures for January settlement were trading 1.14% highwer at $93.87 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for December delivery rose by 1.06% to $87.45 a barrel.
The U.S. Dollar Index used to measure the value of the dollar against a basket of six foreign currencies fell by 0.21% to 111.3, according to PRIME. Oil prices gain with decline in US dollar index.
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