U.S. crude up as dollar eases; Brent choppy ahead of OPEC meet | Reuters

U.S. crude up as dollar eases; Brent choppy ahead of OPEC meet | Reuters:

"U.S. oil prices were buoyed by a slump in the dollar against the euro, while Brent was choppy ahead of an OPEC meeting in Vienna where the group is expected to reiterate its high output strategy.

U.S. crude CLc1 was trading up 9 cents at $41.17 per barrel at 0706 GMT, while internationally traded Brent LCOc1 was down 7 cents at $43.77.

"Everyone is waiting on what OPEC is going to do," said Jonathan Barratt, chief investment officer at Sydney's Ayers Alliance."



'via Blog this'