Oil futures fall on stronger dollar
by Brian Turner
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.
Discuss this in the Finance Markets forums
Story link: Oil futures fall on stronger dollar
Related financial stories to: Oil futures fall on stronger dollar:
- Sterling stronger, US dollar mixed ahead of holiday
- Dollar stronger on interest rate speculation
- Stronger dollar challenges euro
- US dollar stronger against major currencies
- The Future of Futures in India
Next: Euro down on no »
Visited 1650 times, 3 so far today
No Comments »
No comments yet.
RSS feed for comments on this post.