WSJ:OIL FUTURES: Crude Up On Weak Dollar, Surprise Draw In US Oil Stocks
LONDON (Dow Jones)--U.S. oil futures rose over 1% Thursday as the euro strengthened against the dollar, making the dollar-priced commodity cheaper for holders of other currencies, and supported by a surprise draw in U.S. oil inventories reported late Wednesday.
At 0954 GMT, the front-month February contract on the New York Mercantile Exchange was trading up $1.01, or 1%, at $101.60 a barrel. The front-month March Brent contract on London's ICE futures exchange was up 81 cents, or 0.7%, at $111.47 a barrel.
