Crude prices rebound on weak dollar--

Crude prices rebound on weak dollar

2008-03-26 09:41:10 [ Big Normal Small ] 　Comment

Crude prices rebounded on Tuesday as weakness in the U.S. dollar and fresh output disruptions in Africa spurred buying.

The dollar retreated Tuesday, posting its steepest loss against the euro in two weeks.

Tuesday's boost in oil prices comes after a stretch of losses since last Monday's record caused by worries the U.S. economic slowdown would hit energy demand growth.

Light, sweet crude oil for May delivery rose 36 cents to 101.22dollars a barrel while London Brent crude rose 74 cents to 100.60 dollars a barrel.

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