Crude Oil Futures Drop Below $68 Amid Strength in the Dollar - Bloomberg

Crude Oil Futures Drop Below $68 Amid Strength in the Dollar - Bloomberg:

Crude oil slid to the lowest level in a month, reversing an earlier trend, undercut by a stronger dollar and concerns that rising stockpiles in Oklahoma suggest pipeline bottlenecks may be worsening.

Futures in New York closed down 0.5 percent on Monday after a see-saw performance that saw prices jump as much as 1.5 percent before falling at mid-day.

Data-provider Genscape Inc. is said to show an increase in supplies at Cushing, Oklahoma for part of last week. That spurred concern that the ability to transport oil may be hampered by waning pipeline capacity. At same time, a strengthened dollar added another undermining factor.