Wednesday 21 February 2018

Oil falls as dollar firms, U.S. oil output expected to rise

Oil falls as dollar firms, U.S. oil output expected to rise:

"Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and an expected rise in U.S. oil production.

U.S. West Texas Intermediate (WTI) crude futures were at $61.07 a barrel at 0446 GMT, down 72 cents, or 1.2 percent, from their last settlement.

 Brent crude futures fell 60 cents, or 0.9 percent, from their last close to $64.65 per barrel.

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