Mon, 30 May 2016 13:13:04 GMT
Oil trades lower on stronger US Dollar
On the back of the stronger Greenback, crude oil prices lost some ground on Monday. West Texas Intermediate declined 0.14%, trading at $49.26 per barrel, and Brent dropped 0.30%, trading at $49.80 per barrel by 12:40 GMT on Monday, whereas the US Dollar Index rose 0.39%.