Oil buoyed by weaker dollar while investors eye Greenland developments

Oil prices edged up on Tuesday, bolstered by a weaker dollar, while markets watched President Donald Trump’s threats of higher US tariffs on European nations over his desire to buy Greenland. Brent futures rose 15 cents, or 0.2%, to $64.09 a barrel at 0430 GMT.The US West Texas Intermediate crude contract for February, which expires on Tuesday, was up 14 cents, or 0.2%, to $59.58. The more actively-traded WTI March contract gained 6 cents, or 0.1%, to $59.40.WTI contracts did not settle on Monday due to the US Martin Luther King Jr. Day holiday. “A weaker US dollar provided some support to oil and the broader commodities complex,” said ING commodities strategists on Tuesday.