A weaker greenback is seen supporting crude oil prices Hedge funds boost net-bullish Brent bets to record high Oil just got an extra tailwind from a weakening dollar as this month is shaping up to be the best January for black gold in 12 years. That’s because when the greenback is losing value, investors tend to flock to commodities as a store of value, and this is coming on the back of a record streak of declines in American spare supplies of crude. Futures climbed 1 percent on Friday in New York to their highest since December 2014, pushing this month’s gain to 9.5 percent. The last time oil rose more than that for any month of the year was in April 2016. Meanwhile, the dollar was poised for its longest stretch of weekly declines since 2010. Crude stowed in U.S. tanks and terminals has never been in more […]