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Singapore - Oil prices rose in Asian trade on Wednesday as traders took advantage of a weakening dollar to snap up crude futures, analysts said.
New York's main contract, light sweet crude for delivery in November, gained 52 cents to $82.19 a barrel in the afternoon.
Brent North Sea crude for November delivery rose 40 cents to $83.90.
A falling US currency was enticing traders to buy dollar-priced crude, said Ong Yi Ling, an investment analyst for Phillip Futures in Singapore.
"I think that crude oil will continue to take its cue from the US dollar and further dollar weakness will be beneficial for crude oil," she said.
A slump in the gdollar's value makes dollar-priced crude more attractive to buyers using other currencies.
The euro bought $1.3949 in afternoon Asian trade, gaining from $1.3876 late on Tuesday in New York.
World oil prices had slid on Tuesday, ahead of a meeting of the Opec production cartel this week, after dominant player Saudi Arabia expressed happiness with current price levels.
Ong said she was confident oil prices would be well-supported at current levels after breaking past $80 last week.
"As long as it maintains at this level, I'm a bit bullish on crude," she said.
