Tue, 2020-07-28 00:53
SINGAPORE: Oil prices edged higher on Monday helped by a weak dollar and expected US stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China.
Brent crude rose 32 cents, or 0.7 percent, to $43.66 a barrel, while US West Texas Intermediate (WTI) crude was up to $41.62 a barrel or 33 cents.
The US dollar index reached its lowest since September 2018, hurt by deteriorating US-China relations and domestic economic concerns as coronavirus infections showed no sign of slowing.
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