Oil retreats from multi-month highs, strong dollar dents demand

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Home Business Oil retreats from multi-month highs, strong dollar dents demand 20-03-2024 09:32 AM Ammon News - Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session. Brent crude futures for May delivery fell 16 cents, or 0.2%, to $87.22 a barrel by 0407 GMT. U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday's settlement, fell 31 cents, or 0.4%, to $83.16 a barrel. The more active May WTI contract was at $82.55 a barrel, down 18 cents. Reuters

Home Business

Oil retreats from multi-month highs, strong dollar dents demand

20-03-2024 09:32 AM

Ammon News - Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session.

Brent crude futures for May delivery fell 16 cents, or 0.2%, to $87.22 a barrel by 0407 GMT.

U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday's settlement, fell 31 cents, or 0.4%, to $83.16 a barrel. The more active May WTI contract was at $82.55 a barrel, down 18 cents.

Reuters

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