Crude retreats on trade concerns as dollar strengthens | Reuters:
"Oil prices retreated on Friday after strengthening early in the session as U.S. President Donald Trump’s remarks on trade led the dollar to strengthen against other currencies, weakening greenback-denominated commodities including crude.
Trump told Canada and the European Union to do more to bring down their trade surpluses, a day after hitting the two U.S. allies and Mexico with import tariffs on their steel and aluminum.
The president’s comments led the dollar .DXY to strengthen and dollar-denominated commodities to sell off, said John Kilduff, a partner at Again Capital Management. "
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