Oil prices rose again today buoyed by a weaker dollar and OPEC+ potential cuts. OPEC and allies look set to cut production after an almost 40% drop in prices since June.”We expect a substantial cut to be made, which will not only help to tighten the physical fundamentals but sends an important signal to the market,” Fitch Solutions said in a note. Also boosting oil prices, the U.S. dollar was headed for a fifth daily loss as investors speculated that the U.S. Federal Reserve might slow its interest rate hikes. “There’s no doubt that there’s underlying support from a weak dollar and the potential for a Fed pivot,” said Bob Yawger, director of energy futures at Mizuho in New York. The Fed’s potentially easing its rate hikes would relieve some worries of a U.S. economic recession that could dampen crude demand. WTI traded up $2.89 or 3.5% to close at $86.52. Brent traded up $2.94 or 3.3% to close at $91.80.