Oil Escapes Downward Pull Of Stronger US Dollar to Close Higher

摘要

Crude futures ended higher Tuesday, defying the downward pull of a strengthening US dollar. Light, sweet crude for December delivery settled 24￠ higher at $79.14 per barrel on Nymex. Brent crude futures on ICE settled 21￠ higher at $78.97/bbl. Oil prices added a few cents to Monday's gain of 3% despite a move by the dollar that might normally have been big enough to send crude futures tumbling.