* Wall Street gains as dollar adds to losses; oil rises
* U.S. bond prices up on Greek debt talk worries
* Oil rises as weak dollar offsets Saudi output
(Adds oil settlement prices)
By Herbert Lash
NEW YORK, March 23 (Reuters) - The dollar fell further on Monday, adding to its steepest weekly drop in 3-1/2 years after the Federal Reserve indicated last week that a rate hike is likely to come later rather than sooner, again helping drive up oil prices and U.S. stocks.
U.S. energy shares were among the biggest gainers on Wall Street as crude prices rebounded on the weaker dollar. The euro rose 1 percent and the dollar index, which measures the greenback versus six major currencies, lost almost as much.
Gold rose for a fourth day to a two-week high, while copper prices in London hit their highest since Jan. 9. A weaker dollar boosts the purchasing power of commodity buyers paying with other currencies.
Traders and investors are focused on when the Fed will tighten policy, viewed as most likely in September or October.
The dollar added to its losses against the euro after a Fed statement last week that suggested a less aggressive timetable for hiking interest rates. The dollar suffered its worst week against the single currency since late 2011.
"There's a very large long-dollar position in the market, and what we appear to be facing is an unwind of that position," said Richard Cochinos, head of Americas G10 FX strategy at Citi in New York.
A Fed rate hike is "widely expected" this year, though the
path for subsequent policy moves will be on a meeting-by-meeting
basis, Fed Vice Chair Stanley Fischer said on Monday.
MSCI's all-country world index
The Dow Jones industrial average
Exxon Mobil Corp
European shares slid from multi-year highs as a new bout of worries concerning Greece's debt negotiations led investors to book profits on the equity market's solid start to 2015.
The pan-European FTSEurofirst 300
U.S. Treasuries prices rose amid Greek-inspired investor anxiety and talks about the terms of a 240-billion-euro bailout for the cash-strapped country.
Benchmark 10-year Treasuries notes
The euro strengthened against the dollar despite comments by
European Central Bank President Mario Draghi on the bank's
bond-buying stimulus plan, which tends to weaken the single
The euro was last up 1.15 percent against the dollar at
The dollar index
Oil rose to almost $56 a barrel as a weaker dollar offset concerns over the global oversupply after Saudi Arabia indicated it was pumping near a record high of 10 million barrels per day.
Brent crude oil futures
(Reporting by Herb Lash; Editing by Dan Grebler and Christian Plumb) ((firstname.lastname@example.org; 1-646-223-6019; Reuters Messaging: email@example.com))((To read Reuters Global Investing Blog click on
Keywords: MARKETS GLOBAL/