New York's light sweet crude for August delivery surged $2.16 to close at $131.04.
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US Currency Eased Following Oil Prices
The dollar weakened Monday under pressure from a rebound in oil prices, despite better-than-expected earnings from Bank of America
The dollar weakened Monday under pressure from a rebound in oil prices, despite better-than-expected earnings from Bank of America that eased some concerns about the US financial sector.
The dollar fell to 106.41 yen from 106.95.
Oil futures prices, which plunged more than 16 dollars a barrel in New York last week, surged higher as a tropical storm barreled through the Gulf of Mexico, threatening oil installations.
New York's light sweet crude for August delivery surged $2.16 to close at $131.04.
New York's light sweet crude for August delivery surged $2.16 to close at $131.04.
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