Wed, 29 Jul 2015 08:53:40 GMT
Stronger Dollar, weakening demand push oil lower
Oil futures continued to slide on Wednesday, as strengthening Greenback and softening demand for commodities were weighing on oil prices. The New York traded WTI fell 0.8% to $47.59 a barrel, while across the pond the Brent Crude futures traded 0.8% lower to $52.85 a barrel by 8:10 AM GMT. Moreover, later in the day, Crude inventory data will be