Oil surges on weakening dollar
![Oil surges on weakening dollar Oil surges on weakening dollar](https://anews.az/photo/850x500/2023-03/1678690542_4dd6522d-b088-44b2-a376-b9cb82c3ff30.jpeg)
Global oil prices grew on Monday morning on the weakening of the US dollar.
Brent's May futures rose 0.42% to $83.13 per barrel and the April futures for WTI rose 0.46% to $77.03.
The dollar index declined by 0.68% to 103.87 points. The dollar depreciation maintains demand for raw materials, including oil, making them more affordable when buying in another currency.
www.anews.az
Brent's May futures rose 0.42% to $83.13 per barrel and the April futures for WTI rose 0.46% to $77.03.
The dollar index declined by 0.68% to 103.87 points. The dollar depreciation maintains demand for raw materials, including oil, making them more affordable when buying in another currency.
www.anews.az