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Oil falls on strong dollar, signs of build at U.S. hub

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices fell on Thursday, headed for a second straight weekly drop on a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, surging U.S. crude production and investor jitters about a potential trade war. Brent crude futures fell 73 cents, or 1.1 percent, to settle at $63.61 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.03, or 1.7 percent, to settle at $60.12 per barrel.Brent was on track for a drop of around 0.8 percent this week, after last week's 4.4 percent slide. WTI was on track ...

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First Published: Fri, March 09 2018. 06:56 IST
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