SINGAPORE (AFP) - Oil topped 87 dollars in Asian trade Friday as new US Federal Reserve stimulus measures spurred investor appetite and dragged down the dollar, analysts said. New Yorks main contract, light sweet crude for December, jumped 61 cents to 87.10 dollars a barrel in the afternoon, its highest price since early May. Brent North Sea crude for delivery in December gained 75 cents to 88.75 dollars, also breaching highs last seen on May 4. Oil was rallying thanks to increased investor risk appetite and the weaker US dollar, the Commonwealth Bank of Australia said in a report. The US Federal Reserves announcement... that it will purchase 600 billion dollars of government bonds and roll over another 300 billion dollars boosted commodity market sentiment and supported prices across the board, it added. The dollar tumbled on Thursday after the Fed announcement. The euro was trading at 1.4187 dollars in afternoon Asian trade, down from 1.4213 dollars late Thursday. The European currency had climbed to 1.4282 dollars its highest level since January 20 on Thursday. A weaker greenback makes dollar-priced crude more attractive to buyers using other currencies.