SAN FRANCISCO --- Crude-oil futures climbed more than $1 to close above $111 a barrel on Monday, MarketWatch reported.

The rise was prompted in part by the dollar's decline against other major currencies.

Crude oil for May delivery gained $1.62, or 1.5 percent, to settle at $111.76 a barrel on the New York Mercantile Exchange, MarketWatch reported. The price earlier rose to an intraday high of $111.99 a barrel, near its record high of $112.21 reached last Wednesday.  

Originally posted on Automotive Fleet

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