The dollar index, which measures the greenback against six major peers, increased 0.07 percent at 97.8588 in late trading.
Oil prices were weighed down by a stronger greenback, which made the dollar-priced oil less attractive to holders of other currencies.
It's "unlikely" that Russia will deepen its oil output cuts after a policy meeting with its allies at the Organization of the Petroleum Exporting Countries (OPEC) next month, according to a report of Reuters.
OPEC and its allies, including Russia, have carried out a deal to cut oil output by a total of 1.2 million barrels per day since Jan. 1.
The West Texas Intermediate for December delivery slumped 1.84 U.S. dollars to settle at 55.21 dollars a barrel on the New York Mercantile Exchange.
Brent crude for January delivery erased 1.53 dollars to close at 60.91 dollars a barrel on the London ICE Futures Exchange.
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