Crude Edges Higher Amid Low-Volume Trading and Dollar's Decline - Bloomberg:
Crude closed at the highest in almost three weeks, largely influenced by moves in the U.S. currency.
Futures settled 0.2 percent higher in New York on Monday. Trading in benchmark American oil futures was almost 60 percent below normal, in part because of a U.K. holiday. Meanwhile, the fading greenback breathed life into commodities priced in dollars.
“London’s closed, you have an end-of-summer situation where liquidity is just really not there,” said Bob Yawger, director of futures division at Mizuho Securities USA LLC.
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