Oil extends rally on supply woes as dollar holds gains on US rate talk

Oil extended gains Thursday to a fresh one-year high and towards the $100-a-barrel mark on concerns about growing demand and waning supplies, while bets on another US interest rate hike kept the dollar elevated against its peers and equities mixed."If our interest-rate increases are not slowing the economy the way that we expect, then there is that risk that we might have to go higher," he told CNN. 
The prospect of an extended period of higher rates has pushed the dollar ever higher against its