Oil closed higher as a weaker dollar offset an OPEC+ committee’s decision to hold off on offering a recommendation on whether a planned production hike should move forward. Futures rose 0.2% in rose in New York in an afternoon rally after falling as much as 1.9% earlier in Tuesday’s session. The Bloomberg Dollar Spot Index fell as much as 0.3%, boosting the appeal for commodities priced in the currency. Meanwhile, West Texas Intermediate December options expired Tuesday, with $42 call options the most-active. Prices weakened earlier after an OPEC+ committee meeting ended without a concrete signal that producers will reverse plans to increase output come January. The producer group had been discussing postponing an output increase by three to six months. Yet, Saudi […]