Crude Oil Price Update- Oil Maintains High Price Due to Dollar Depreciation

Oil prices registered more increases, with WTI increasing by 0.64 percent to be at USD $ 112.16 a barrel, while Brent increased by 0.27 percent to USD $ 124.10 a barrel.

Depreciation of the Dollar against the Euro to a record 15-month slump, coupled with strong news emerging from the equities market, was contributing to the increase in oil price.