Oil rose to a fresh 10-month high with a weaker dollar providing support to a market already boosted by expectations for tightening global supply. Futures climbed 1.8% in New York on Tuesday as a declining dollar raised the appeal for commodities priced in the currency. The six-day rally, the longest stretch of gains since May, has also been aided by Saudi Arabia’s pledge last week to slice output in the coming months. “It’s been a dynamic bull trend and the market continues to anticipate inventories are going to be drawn pretty sharply as a result of the Saudi production cutbacks,” said Andrew Lebow, senior partner at Commodity Research Group. “But, at some point, when you get into these bull moves, the market tends to overshoot where the equilibrium price is.” Oil has been on a tear after OPEC and its […]