Dollar weakness sends West Texas crude +3.5% to $85.84/barrel, sparked by the possibility of...

|By:, SA News Editor

Dollar weakness sends West Texas crude +3.5% to $85.84/barrel, sparked by the possibility of more eurozone stability and Saudi Arabia's statement that it is unlikely to raise oil output capacity. "A favorable set of fundamentals" supports crude now, a strategist says, returning dollars to riskier assets. Energy stocks (XLE +4%) zoom higher: VLO +6.4%, BHI +5.3%.