Oil prices rise as U.S. dollar retreats

NEW YORK, July 25 (Xinhua) -- Oil prices climbed on Monday, bolstered by a dip in the U.S. dollar.

The West Texas Intermediate for September delivery added 2 U.S. dollars, or 2.1 percent, to settle at 96.70 dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery increased 1.95 dollars, or 1.9 percent, to close at 105.15 dollars a barrel on the London ICE Futures Exchange.