Oil Rises Above $82 as Dollar Slips, Supplies Probably Dropped
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Crude oil rose above $82 a barrel as the dollar declined against the euro and on speculation that U.S. inventories fell for the first time in three weeks.
Oil climbed 1.5 percent after the euro advanced to the highest level against the U.S. currency since May 3, making commodities more attractive as an alternative investment. A government report tomorrow may show oil supplies dropped 0.5 percent last week, a Bloomberg News survey showed.