Oil prices rose this morning today as the dollar weakened and Europe’s debt crisis eased temporarily.

Brent futures increased by $1.75 to stand at $105.69 a barrel at 0625 GMT and US crude climbed $2.16 to $82.40 following seven-week lows.

The US dollar fell by 0.6% against a basket of currencies on hopes for a resolution to the eurozone crisis, reports Reuters.