Oil Rises as Dollar Drop Spurs Investors to Buy Commodities

Aug. 18 (Bloomberg) -- Crude oil rose, snapping two days of losses, as the dollar fell against the euro, spurring investors to purchases commodities denominated in the U.S. currency.

Crude oil for September delivery rose as much as 63 cents, or 0.9 percent to $67.38 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $67.32 a barrel at 8:29 a.m. Singapore time. Yesterday, it fell 76 cents to $66.75, the lowest settlement since July 29.