Crude Oil prices rose for a 5th consecutive day, trading near $75 a barrel, after the Organization of Petroleum Exporting Countries (OPEC) increased its world energy demand forecast, and the weaker Dollar boosted the appeal of commodities. Oil gained 1.2% yesterday as OPEC raised its 2010 global oil-consumption estimate on expansion in emerging economies.

Also helping Crude move higher, the U.S. Dollar fell to the lowest level in 14 months, lifting dollar-denominated commodity prices. Analysts said that in case the equity markets continue to rise and the U.S. Dollar softens further, it cannot be ruled out that Oil prices will attempt to break the annual high of $75 a barrel in the next few days.