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May 5, 2022, 2:39 p.m. EDT

Oil futures end slightly higher

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By William Watts

DXY

Oil futures end slightly higher Thursday, finding support after the European Union a day earlier proposed a plan to wean itself off Russian crude over the next six months, though upside for the commodity was limited as the ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY -0.30% traded near a 20-year high. West Texas Intermediate crude for June delivery rose 45 cents, or 0.4%, to $108.26 a barrel on the New York Mercantile Exchange. A stronger dollar can be a negative for commodities priced in the unit, making them more expensive to users of other currencies.

/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
104.12
-0.31 -0.30%
Volume: 0.00
June 24, 2022 4:59p
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