Oil futures strengthen as euro jumps against dollar

摘要

New York—Oil futures got a boost Tuesday from a sharp drop by the US dollar against the euro, instigated by remarks from the head of the European Central Bank, which pushed NYMEX August crude 86 cents higher to $44.24/b. ECB President Mario Draghi gave a speech Tuesday widely described as providing an “upbeat” assessment of the global economy, which could lay the foundations for tighter monetary policy.