USD 65.6046

-0.02

EUR 72.6243

-0.21

BRENT 59.13

+0.04

AI-92 42.31

+0.03

AI-95 46.07

+0.02

AI-98 51.76

+0.01

Diesel 46.02

+0.03

16

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.