High oil for fifth day with the falling dollar


Spilled crude oil prices rise for the fifth consecutive day Wednesday, buoyed by a falling dollar and lower crude stocks and an unexpected us gasoline, but dealers said that boarding may not continue citing increased production and technical factors.

Oil prices rose on futures by about 13 percent, since Thursday, after Saudi increased speculation that OPEC is ready to reach an agreement to freeze production with producers from outside the organization.

And Brent's futures climbed 62 cents or 1.3 percent at settlement to $ 49.85 a barrel, having touched the highest level in five weeks, 49.93 dollars per barrel.

As us oil futures increased 21 cents or 0.5 percent when leveling to 46.79 dollars a barrel.