Oil up 2 percent on weak dollar; threat of supply hikes linger

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Oil up 2 percent on weak dollar; threat of supply hikes linger
26 April 2016, London — Oil prices rose 2 percent on Tuesday, resuming their rally after a one-day pause, as a weaker dollar boosted commodities denominated in the greenback. BP Chief Executive Officer Bob Dudley said oil demand could grow enough this year to match supply, remarks that boosted sentiment. Still, analysts warned of possible […] More »
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