NEW YORK, Oct. 17 (Xinhua) -- Oil prices rose on Thursday as U.S. dollar declined against other major currencies.
The dollar index, which measures the greenback against six major peers, decreased 0.40 percent at 97.6096 in late trading.
Oil prices were supported as a weaker greenback made the dollar-priced oil more attractive to holders of other currencies.
Brexit progress also supported oil prices. The European Union and Britain have reached a new Brexit deal, Jean-Claude Juncker, president of the European Commission, said Thursday on Twitter.
The West Texas Intermediate (WTI) for November delivery increased 0.57 U.S. dollar to settle at 53.93 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery gained 0.49 dollar to close at 59.91 dollars a barrel on the London ICE Futures Exchange. Enditem
