Oil prices rose early on Monday on a weaker dollar, but increased U.S. drilling activity stoked worries that a global supply glut would persist despite efforts by some producers to curb output. Brent crude futures were up 24 cents, or 0.53 percent, at $45.78 per barrel at 0047 GMT (8.47 p.m. ET). U.S. West Texas Intermediate (WTI) crude futures were up 21 cents, or 0.49 percent, at $43.22 per barrel. The U.S. dollar index stayed low on Monday against a basket of currencies amid fading expectations for the Federal Reserve to hike interest rates again later this year. A weaker dollar also makes oil cheaper for countries using other currencies. “Commodities stabilized after a turbulent week where most sectors suffered large falls,” ANZ bank said in a note. “A slightly weaker U.S. dollar also helped improve investor appetite.” Although oil prices have bounced back from 10-month lows, they are […]