Oil Rises to Three-Month High Above $82 Before U.S. Supply Data
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Oil rose to a three-month high in New York as the dollar weakened and analysts forecast that crude inventories declined last week in the U.S.
Crude-oil supplies probably fell by 1.5 million barrels last week, a Bloomberg News survey showed before an Energy Department report tomorrow. Futures earlier breached $82 a barrel for the first time since May as European equities pared losses after an index from the Institute for Supply Management yesterday showed that U.S. manufacturing slowed less than analysts forecast in June.