Author Topic: Oil drops on surging dollar, rising US crude stocks, jump in Iran exports  (Read 778 times)

Offline ruthlim

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Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia. Brent crude futures were down 80 cents, or 1.6 percent from their last settlement, trading at $48.13 per barrel at 0643 GMT.