Oil Prices Pushed Lower by Strong Dollar - News Summed Up

Oil Prices Pushed Lower by Strong Dollar


Oil prices edged down Monday, depressed by a strong dollar and concerns that reduced global appetite for crude might frustrate efforts by major producers to cut supply. Brent crude, the global oil benchmark, fell 0.46% to $51.87 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were down 0.43% at $48.61 a barrel. The appreciating U.S. dollar helped push down crude...


Source: Wall Street Journal August 14, 2017 11:03 UTC



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