Oil Prices Remain Stable Despite Weaker Dollar – 13 February, 2018

Because of oversupply, crude prices remain lower than recent highs, though prices are stable because of expectations that a weak Dollar will encourage the demand for fuel. West Texas Intermediate was down 2 cents to $59.17 per barrel, while Brent Crude was up 5 cents to $62.77 per barrel. U.S. crude inventories rose by 3.9 million barrels per day in February to 422.4 million.