BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Oil Prices Rise For Third Day As Dollar Sinks To New Low Against Euro

Crude oil rose for a third day after the dollar touched a record low against the euro, increasing demand for commodities.

The dollar's 11 percent slide this year has made oil, metals and other commodities denominated in the U.S. currency cheaper for foreign investors. Royal Dutch Shell Plc reported a fire at an oil-sands crude production plant in Alberta, potentially cutting shipments to U.S. refineries.

Read more on Bloomberg