Oil prices rose back towards hit $70 a barrel yesterday, spurred by a weakening US dollar and strong car sales figures from China.
Nymex July West Texas Intermediate, the US crudeoil benchmark, flirted with came close to last Friday's seven-month high of $70.32, by gaining $1.92 to $70.01 a barrel.
Oil prices have rallied sharply since February in line with equities and credit markets as investors started to position themselves for global economic recovery powered by Chinese consumption.
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