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Wednesday 15th of October 2008
May 31, 2005

Oil futures fall on stronger dollar


by Brian Turner
Oil futures fall on stronger dollar

Crude oil futures fell on Tuesday, feeling the effect of a strong US dollar.

July delivery IPE Brent had fallen 24 cents in late afternoon trading to $50.46 per barrel.

In early afternoon trading on the New York Mercantile Exchange, West Texas Intermediate for July delivery also was down, falling 35 cents to $51.55 per barrel. Gasoline futures were also down as Nymex unleaded gasoline for June delivery fell 1.63 cents to $1.4590 per gallon.

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