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Oil futures fall on stronger dollar

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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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News posted: May 31, 2005

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