Crude futures settle higher on weaker dollar

摘要

New York-The oil complex settled sharply higher Friday, as a weaker dollar and ongoing supply disruptions around the world provided a floor to falling prices. NYMEX July light sweet crude settled $1.77 higher at $47.98/b, while ICE August Brent settled $1.98 higher at $49.17/b, marking the first gains in seven trading sessions. Refined products were also on the rise, with NYMEX July RBOB settling 4 cents higher at $1.1.5053/gal and ULSD closing the week 5.88 cents higher at $1.4817/b.