Posts From King World News

Oil rises towards $66 as weaker dollar offsets oversupply concern

Brent crude futures rose towards $66 on Tuesday, lifted by a weaker dollar and the Yemen conflict, but concerns of oversupply weighed on prices amid news of record high output from Saudi Arabia in April and Iraqi plans for record exports in June. June West Texas Intermediate (WTI) rose 58 cents to $59.83 a barrel, after touching $60.55 a barrel earlier in the day. Top global oil exporter Saudi Arabia