USD 76.2711

+0.23

EUR 89.4813

-0.52

BRENT 41.8

+0.14

AI-92 43.38

+0.02

AI-95 47.5

+0.05

AI-98 53.48

+0.01

Diesel 47.38

0

66

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.