Markets > Commodities

​WTI crude futures inch lower on strong U.S. dollar

NEW YORK
2018-08-24 08:46

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U.S. oil prices dipped 0.04 percent on Thursday amid firmer U.S. dollar and concerns on trade tensions.

U.S. dollar index, measured against six other main currencies, gained 0.55 percent to 95.6715 at 3:00 p.m. (2000 GMT).

Growth momentum of crude oil prices seems to be losing steam despite consistent worries on less supply in the world and trade disputes.

The West Texas Intermediate (WTI) for October delivery decreased 0.03 U.S. dollar to settle at 67.83 dollars a barrel on the New York Mercantile Exchange. Enditem
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