Oil suffers a last-minute turn lower as the U.S. dollar strengthens

Oil prices turned lower in the last few minutes of trading Thursday on the New York Mercantile Exchange, pressured by a sudden move higher in a key index for the U.S. dollar, which had tapped their lowest levels in three years. CNBC reported that President Donald Trump said the dollar is poised to strengthen, lifting the greenback and putting pressure on dollar-denominated prices of oil just ahead of their settlement. March West Texas Intermediate crude fell 10 cents, or nearly 0.2%, to settle at $65.51 a barrel.

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From:: Stock Market News

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