Crude oil futures rose during the morning trade in Asia on Aug. 27 as investors sought to take advantage of lower prices following an overnight decline and the retreat of the dollar. At 11:19 am Singapore time (0319 GMT), the ICE October Brent futures contract was up 80 cents/b (1.11%) from the previous close at $71.87/b while the NYMEX October light sweet crude contract rose 68 cents/b (1%) to $68.10/b. “Prices are slightly higher as the DXY US Dollar index retreated,” said Margaret Yang, DailyFX Strategist at IG on Aug. 27. The dollar index traded at 93.03 at 11:19 am Singapore time, marking a 0.2% decline from the Aug. 26 close. However, despite the rise in oil prices, uncertainties on whether the US Federal Reserve will taper its asset purchase program, mounting tension in the Middle East […]