Oil resumed gains in Asian trading with the market turning its focus back to the robust outlook after a blip caused by a stronger dollar.
Futures in New York rose toward $66 a barrel after slipping Monday for the first time in four days. A rising currency wiped out solid gains following an attack on a major Saudi Arabian export crude terminal. The assault appears to have had no impact on shipments, but it’s the latest in a series of incidents in the region amid a rapidly tightening market and improving demand.
US refineries are resuming operations after the unprecedented cold blast last month and should start consuming more crude, while gasoline demand in California — the biggest American state — is picking up.
