17 a barrel and earlier in the session reached a 2016 high of $43.Many members of Opec plus outside producers such as Russia are meeting in Doha, Qatar, on Sunday to discuss freezing output.“The weak dollar is one important reason,” said Eugen Weinberg of Commerzbank.Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak US dollar and fur Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak US dollar and further signs of strong demand in China. US crude China shoe machine barrel screws Suppliers gained 23 cents to $40.58.. 2 consumer — and a plan by oil and gas workers in Kuwait to go on strike from Sunday. The dollar fell to its lowest in nearly eight months against a basket of currencies, supporting commodities.59.Also supporting prices was rising vehicle sales in China — a further sign of strong petrol demand in the No.Brent crude was up 34 cents at $43
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