NYMEX June crude settles higher on weak dollar

摘要

New York—The oil complex settled higher May 16 as a suite of poor macroeconomic data weakened the dollar and boosted the likelihood of continued monetary easing by central banks. NYMEX June crude settled 86 cents higher at $95.16/barrel, while ICE June Brent settled 12 cents higher at $103.80/b. The spread between the two contracts narrowed to $8.64/b, from $9.38/b the day prior.