Iran General NewsBrent crude rises $1 to above $78 on weaker...

Brent crude rises $1 to above $78 on weaker dollar, Iran

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ImageReuters: Brent crude prices rose by $1 to top $78 a barrel on Monday, supported by a weaker U.S. dollar and rising tensions between Iran and Western nations.
ImagePERTH, Nov 23 (Reuters) – Brent crude prices rose by $1 to top $78 a barrel on Monday, supported by a weaker U.S. dollar and rising tensions between Iran and Western nations.

London Brent crude for January delivery LCOc1 rose $1 to $78.20 a barrel by 0621 GMT. U.S. crude was up 91 cents at $78.38.

The dollar index .DXY fell 0.5 percent against a basket of currencies on Monday amid surging gold prices and more dovish comments from U.S. central bankers.

For a full oil market report, click on [O/R] (Reporting by Fayen Wong; Editing by Michael Urquhart)

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