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Oil prices hover around four-month high, buoyed by Iran concerns, weak dollar
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The Business Times
A weak US dollar kept prices elevatedBrent crude futures settled up 83 cents, or 1.23 per cent, to US$68.40 a barrel on Wednesday.
PHOTO: REUTERS[NEW YORK] Oil prices rose to their highest since late September on Wednesday on looming Iran concerns while a weak US dollar lent further support.
US crude inventory drawA surprise storage draw also supported oil prices.
“A solid report, with a modest petrol and distillate build and a larger crude draw.
Strong crude exports and lower imports helped to see another crude draw.