Weakening dollar raises oil prices

Weakening dollar raises oil prices

Oil prices has increased in the world markets.

As of 07:35 am a barrel of Brent oil increased by 0.34% to $44.47. The price of WTI crude oil increased by 0.33% to $ 42.78.

The rise in prices is associated with the weakening of the dollar in anticipation of the next meeting of the US Federal Reserve. It will last for two days. According to experts, the regulator will not adjust the interest rate. These expectations are putting pressure on the US currency, which makes the purchase of oil cheaper for investors holding other currencies, RIA Novosti reports.

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