Oil prices rose Monday amid a weaker dollar and a report of a sharp drop in stockpiles at the key storage hub of Cushing, Okla. U.S. crude for October delivery rose 41 cents, or 0.89%, to $46.29 a barrel on the New York Mercantile Exchange. Brent, the global crude benchmark, rose 31 cents, or 0.65%, to $48.32 a barrel for November delivery on ICE Futures Europe. The U.S. dollar weakened against other major currencies following a Federal Reserve official’s remarks that the case for tighter monetary policy has become less compelling. The Wall Street Journal Dollar Index, which measures the U.S. currency against 16 others, was down 0.3% at 86.24. Market participants were watching to see whether Federal Reserve Gov. Lael Brainard, who has advocated keeping rates low, would indicate change of heart ahead of next week’s policy setting meeting. “We started out pretty weak. I think it was […]