Crude rose Thursday on a weaker dollar and demand optimism from Wednesday’s EIA report. Oil rose for a second day after the U.S. reported the biggest crude stockpile drop since September while the dollar slipped. Futures in New York gained 2.1% on Thursday in a thinly traded session as a weaker dollar helped bolster the appeal of commodities. The U.S. Energy Department on Wednesday reported a 4.58 million-barrel slump in crude inventories, a bullish signal to investors which may quell previous demand outlook concerns. “We still have a bid in the market from yesterday’s EIA report, which deserves a lot of love,” said Bob Yawger, director of the futures division at Mizuho Securities USA. The report alone gives markets a reason from trading sharply downwards in the upcoming days, he added. Conflicting signals on demand and supply have seen oil swing between gains and losses this week. While the […]