Oil prices rose Wednesday on a slightly weaker dollar despite dwindling hopes for a production freeze agreement between major producers. The November contract for global crude benchmark Brent edged 0.66% higher to $47.57 a barrel, while its U.S. counterpart West Texas Intermediate gained 0.71% to $45.15 for October deliveries. The U.S. dollar index fell by just over 1% Tuesday, providing a slight tailwind for prices, which are still lodged in the $45-$50 a barrel bracket. Most observers have almost given up on any agreement between members of the Organization of the Petroleum Exporting Countries and Russia when they meet in Algeria on Sep. 28. Three weeks before a highly anticipated summit of oil producers this month, Saudi Arabia and… “The market is becoming tired of talk and now want to see some action,” Amrita Sen, chief analyst at the London-based Energy Aspects. “Action is pretty unlikely, but it is […]