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Oil prices fall due to unabated fuel supply

A surging dollar following the initial shock of Donald Trump's US presidential election win also put pressure on oil prices

Reuters  |  SINGAPORE 

Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless the Organization of the Petroleum Exporting Countries (OPEC) and other producers make a significant cut to their output. International Brent crude oil futures were trading at $45.74 per barrel at 0445 GMT, down by 10 cents, or 0.2 percent, from their last close. US West Texas Intermediate (WTI) crude oil futures were trading at $44.51 per barrel, down by 15 cents, or 0.3 percent, from their last settlement, with a stronger dollar also ...

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First Published: Fri, November 11 2016. 10:30 IST