10-01-2017 15:53 via uk.news.yahoo.com

Oil steady after recent fall as weaker dollar boosts prices

By Christopher Johnson LONDON (Reuters) - Oil prices steadied on Tuesday after a sharp sell-off as a fall in the dollar triggered a bout of short-covering, but analysts said the market looked vulnerable to further declines. Rising oil prices through December encouraged investors to buy large volumes of crude futures contracts and many of these "long" positions are likely to be unwound unless the market stays strong, analysts and brokers say. "I see this as a dead-cat bounce," said Ole Hansen, he
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