Soft dollar, tight supply boost oil prices
A cheaper dollar and tight supplies outweighed concerns about recession and extensive COVID-19 lockdowns in China, which might reduce gasoline demand. Brent crude futures for September settled at $103.60 a barrel by 0900 GMT, up $2.44, or 2.4%, from Friday. U.S. West Texas Intermediate (WTI) crude futures for August delivery rose $2.17, or 2.2%, to…