U.S. crude futures rise $1 as dollar weaker
NEW YORK, March 29 |
NEW YORK, March 29 (Reuters) - U.S. crude futures rose $1 on Monday as a weaker dollar and stronger equities markets bolstered by economic data helped lift crude oil futures.
Stronger consumer sentiment in the Euro zone and a forecast for strong growth in China helped support equities and oil markets.
On the New York Mercantile Exchange at 9:17 a.m. EDT (1317 GMT), May CLK0 crude was up 85 cents, or 1.06 percent, at $80.85 a barrel, trading from $80.18 to $81. (Reporting by Robert Gibbons)
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