Oil prices rise as global markets firm, dollar comes off highs

http://ift.tt/eA8V8J Brent crude futures rose above $60 a barrel on Tuesday, after a sharp drop in the previous session on record U.S. stocks, as firm Asian markets supported prices. Most Asian stock markets edged up, bolstered by another record day on Wall Street, while a resurgent yen helped knock the U.S. dollar index off an 11-year high, making commodities priced in the greenback cheaper for holders of other currencies. A drop in U.S. rig counts is also boosting oil prices, analysts said. "Brent crude prices (are) attempting to rally on rapid week-on-week reduction in U.S. ... rig count," Morgan Stanley said on in a note on Tuesday.



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