Business

Crude rises as dollar loses ground against euro

AJ Contributor

Crude futures traded higher Monday as the euro continued to gain against the dollar amid positive sentiment generated by last week’s announcement that the European Union and the International Monetary Fund had agreed to provide a safety net for Greece.

Oil typically rises when the dollar weakens as the commodity becomes cheaper to purchase using other currencies.

Full story: Crude Rises As Dollar Loses Ground Against Euro – WSJ.com