U.S. crude slumps 4 percent on stronger dollar, glut warning

NEW YORK (Reuters) – Oil prices fell on Friday, with U.S. crude down nearly 4 percent and headed for its worst week in three months, on a renewed rally in the dollar and warnings of an oil glut by the global energy watchdog.

Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *

5 − 2 =