Oil hovers above $71 amid weakening US dollar
AP Writer Oil prices hovered above $71 a barrel Wednesday after a weakening US dollar sent crude soaring overnight and as an OPEC meeting was expected to announce no change in production levels.
Wednesday, Jun 17, 2009 at 1026 hrs IST Oil prices hovered above USD 70 a barrel on Wednesday in Asia as investors weighed mixed signals from the US economy amid tumbling equity markets.