Price of oil rises above $43 on weaker US dollar

Last updated: December 22, 2008 | 08:09

1 MIN READ

Perth: The price of oil rose more than $1 to above $43 a barrel on Monday, buoyed by a weaker US dollar and hopes that Opec members will comply with the latest supply cuts.

US light crude for February delivery rose $1.02 to $43.38 a barrel, while London Brent crude gained 77 cents to $44.77.

Up Next

Related Stories

This aerial photo shows a tanker unloading imported crude oil at a terminal port in Qingdao, in China’s eastern Shandong province on June 9, 2026.

'Ghost' tankers ease nerves as oil holds near $92

3m read

This picture taken on October 5, 2023 shows a driver charging a VinFast electric car at a charging station in Hanoi.

Oil car era 'ended', but not in 2026: Here's the data

5m read

A solar panel installation crewmember. Spain is set to generate more than 50% of power from renewables.

EU to mobilise up to €25 billion for renewable energy

2m read

Crude oil prices have spiked amid supply concerns, geopolitical risks, fear, uncertainty and doubt. Today, however, uncertainty can also be manufactured through artificial intelligence and sophisticated digital manipulation.

Fake news meets oil markets: Threat behind price spikes

5m read

Price of oil rises above $43 on weaker US dollar

Get Updates on Topics You Choose