Stronger Dollar, weakening demand push oil lower

Source: WBP Online
© Scanpix/Reuters
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 released.
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