Oil prices drop as U.S. dollar jumps

NEW YORK, June 10 (Xinhua) -- Oil prices fell on Friday amid strength in the U.S. dollar.

The West Texas Intermediate for July delivery lost 84 cents, or 0.7 percent, to settle at 120.67 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery decreased 1.06 dollars, or 0.9 percent, to close at 122.01 dollars a barrel on the London ICE Futures Exchange.