Crude oil prices fall on stronger U.S. dollar


SINGAPORE: Crude oil prices fell on Thursday as the U.S. dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S. crude oil inventories.

Brent crude oil futures dropped by 42 cents, or 0.6%, to $73.97 a barrel by 0649 GMT after reaching its highest since April 2019 in the previous session.

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WTI , Brent , Federal Reserve

   

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