Oil spikes to USD 74.28 a barrel Oil prices rose in Asian trade as traders capitalised on a weakening US dollar, analysts said. New York's main futures contract, light sweet crude for delivery in January, rose 35 cents to USD 74.28 a barrel. Brent North Sea crude for January delivery climbed 57 cents to USD 77.00. A weakening greenback was providing impetus for traders to buy crude, analysts said. "The dollar is weaker this morning... people tend to look at the dollar for direction," …

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