Brent oil price firm near $94 on lower ICE Dollar Index

Brent oil prices open today’s trading session firm near $94 a barrel as a weaker ICE Dollar Index helps to suuport oil prices and other commodities.

Latest Brent Oil Price

In London, Brent crude oil futures for February 2011 delivery was trading at $93.83, 08.45 GMT on the ICE Futures Exchange.

ICE US Dollar Index – Back Under 80

The ICE Dollar Index, which tracks the US dollar against the currencies of six major US trading partners, was down for a fourth day, dropping 0.5 percent to 79.95. That’s the longest losing streak in three months.

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Brent oil price firm near $94 on lower ICE Dollar Index