USD 64.3652

+0.14

EUR 70.9305

+0.2

BRENT 59.17

-0.02

AI-92 42.11

+0.01

AI-95 45.88

0

AI-98 51.85

0

Diesel 46.04

+0.1

24

Oil Prices Surged on Weak Dollar

Oil prices soared on Tuesday as the weak dollar hit a record

Oil prices soared on Tuesday as the weak dollar hit a record low against the euro - tempting more investors towards commodities as an alternative.

US light, sweet crude touched a record-equalling $98.68 a barrel before settling up $3.39 at $98.03 a barrel.

London Brent crude also enjoyed a spurt, adding $3.21 to $95.49.