Oil rises $1 to above $77 on dollar weakness

PERTH, Nov 16 (Reuters) - Oil prices rose $1 to over $77 a barrel on Monday, as investors hedged against a weak U.S. dollar, while improved risk appetite also encouraged traders to invest in oil.

U.S. crude futures for December delivery CLc1 rose $1.01, or 1.32 percent, to $77.36 a barrel by 0431 GMT. London Brent crude LCOc1 gained 83 cents to $77.14.

For a complete oil market report, click on [O/R]. (Reporting by Fayen Wong)