Brent crude rose more than USD 1 to USD 114.34 a barrel on Friday as the dollar weakened. Crude oil prices had slipped earlier on since the dollar had gained, giving a buying opportunity to those who expected prices to stay elevated because of supply concerns amid steady emerging market demand.
Apart from a strengthening dollar, Brent had eased towards USD 112 after concerns over global crude pressures and recurring eurozone debt problems. Investors were also concerned that China's battle with inflation may start to trim demand from the world's second largest oil consumer. Jonathan Barratt of Commodity Broking Services in an interview on CNBC-TV18 gave his take on how he sees crude oil playing out with a slow but steady strengthening dollar. He also gave his view on where he sees crude headed in the near-term. Below is a verbatim transcript of his interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
