Wall Street Journal | Oil Prices Rise as Dollar Weakens Wall Street Journal Oil prices gained Monday, erasing earlier losses, as the dollar weakened. Light, sweet oil for May delivery rose 58 cents, or 1.2%, at $47.15 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, traded up 83 cents, or 1.5%, at $56 ... Oil rebounds after U.S. dollar's decline boosts appeal to investors Oil slips close to $55 as Saudi output rises to near record Oil Rebounds After Dollar Decline Bolsters Appeal to Investors |