New York — Crude futures rallied in choppy trading on Monday ahead of an Organization of the Petroleum Exporting Countries (Opec) meeting later in the week that could reap production cuts, while the US dollar recovered from earlier losses but was still slightly lower. The dollar index dipped 0.22% after having fallen as much as 0.8%. The US currency sank as much as 1.6% against the yen, going as low as ¥111,32 before recovering to 112.07. Most analysts said the dip in the dollar since Friday was simply a corrective pullback with the greenback still on track for its strongest two-month gain since early 2015. "It looks much more like a correction than anything else — a Monday morning clearing of the decks before the end of the month," said Société Générale macro strategist Kit Juckes in London. The euro was little changed versus the greenback after having gained nearly 1% to $1.0684 as it got a lift from the election of Francois Fillon as the center-right candidate in next year’s Fren...
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