Oil retreats on stronger dollar, U.S. crude discount wider

Oil prices retreated on Friday after the dollar rose on better-than-expected U.S. employment data, which pressured greenback-denominated commodities, including crude. U.S. West Texas Intermediate (WTI) crude (CLc1) futures fell $1.23 a barrel to settle at $65.81 a barrel. Global benchmark Brent (LCOc1) fell 77 cents to $76.79 a barrel. …read more

Source:: Yahoo Finance

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