$ 110: a weaker dollar as the main driving force pushing up oil prices.

<P> The weak dollar led traders ignored the increase in U.S. crude stocks and other news, 12, New York crude oil prices crossing $ 110 a barrel intraday. .</ P> <P> On the New York Mercantile Exchange, light sweet crude for April delivery rose $ 1.17 futures price per barrel to close at $ 109.92, the highest intraday red to $ 110.20, again to refresh .Both intraday and closing records. .London's International Petroleum Exchange in April Brent crude futures rose $ 1.02 a barrel to settle at $ 106.27. .</ P> <P> weaker dollar is still the main driving force pushing up oil prices. .On the New York foreign exchange market the euro against the dollar break through a barrier than 1.55, to close at a ratio of 1.5526. .Crude oil futures in the international market in dollars, one dollar will increase the crude oil futures for holders of other strong currency attractive to investors, on the other hand will drive some investors to hold dollar assets, instead buying oil futures .to compensate for the losses caused by depreciation of the dollar. .</ P> <P> It http://finance. Hearing, U.S. Department of Energy's oil inventory report released the same day only under the pressure of short-term effect of oil prices. .The report shows that U.S. commercial crude oil inventories increased last week, 620 million barrels, far exceeding market expectations of 160 million barrels for the eighth time increased over the past 9 weeks. .</ P> <P> oil futures, Nymex April gasoline futures delivery rose 0.25 cents a gallon to settle at $ 2.7286. .April heating oil futures price for delivery rose 2.87 cents a gallon to settle at $ 3.0244. .April natural gas futures prices for delivery per 1,000 cubic feet (1 cubic meter or about 35 cubic feet) rose 1.1 cents to settle at $ 10.011. .</ P>.