Oil Rises on Dollar Tumble, Ignoring Highest Supplies Since 1930

  • U.S. supply rose to 502.7 million barrels last week, EIA says
  • Dollar falls as much as 1.9 percent, most since March 2009

What’s Behind Oil and Stock Connection?

Oil rose as the falling dollar countered any concerns in the market over a steep gain in U.S. crude inventories to more than 500 million barrels for the first time since 1930.

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