Melbourne — Oil prices rose early on Tuesday as a drop in the US dollar made crude a more attractive buy, paring losses of more than 4% incurred overnight on the prospect of producers returning more than 2-million barrels a day of supply to the market by July.
Brent crude futures jumped 83c, or 1.3%, to $62.98 a barrel at 12.12am GMT, after falling 4.2% on Monday...
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