# Oil rises on economic recovery hopes, weaker dollar | Reuters

> Oil prices rose on hopes of an economic recovery and a weaker US dollar. The article gives no figures in the extracted text.

- Date: 2021-09-02 · published 2021-09-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44981-oil-rises-on-economic-recovery-hopes-weaker-dollar-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes dollar-priced crude cheaper for buyers abroad and supports commodity prices broadly. The move is a routine price wrap with no major new supply or demand shock.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-falls-after-opec-sticks-raising-supply-amid-demand-doubts-2021-09-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.