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Oil up on Weak Dollar but Tariff Concerns Cap GainsSingapore, 12 Mar (ONA) — Oil prices edged up today, buoyed
by a weaker dollar, but mounting fears of a US economic slowdown and
the impact of tariffs on global economic growth capped gains.
Brent futures rose 27 cents, or 0.39%, to $69.83 a barrel, while US
West Texas Intermediate crude futures gained 29 cents, or 0.44%, to
$66.54 a barrel.
The dollar index, which fell 0.5% to fresh 2025 lows yesterday,
boosted oil prices by making crude less expensive for buyers holding
other currencies.— Ends/Khalid
