| A sharp fall in the US dollar on improved eurozone economic data has sent New York oil prices to fresh 2015 highs, even as officials at OPEC defended their generous output strategy. US benchmark West Texas Intermediate for July delivery added $US1.06, or 1.7 per cent, to $US61.26 per barrel in New York trading.
In London, Brent crude for July rose US61c to $US65.49. The US dollar lost more than 2 per cent against the euro, and 0.5 per cent on the yen, after European inflation came in at 0.3 per cent in May, better than expected and diminishing fears of deflation...............................................Full Article: Source
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