(Bloomberg) — Oil was propped up by a weaker dollar and stronger U.S. equities with speculation growing around the Federal Reserve reinforcing its dovish message.
U.S. crude futures climbed 0.8% on Monday. Equities strengthened on the possibility that a resurgence in global coronavirus cases will push Fed Chairman Jerome Powell to signal rates will stay near zero for longer. Meanwhile, the Bloomberg Dollar Spot Index weakened for a second straight session.
“You’re going to have the…
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