Oil prices dip as dollar strengthens

The USD gained strength on Friday after retail sales figures surpassed market expectations.


Monday morning's oil prices are down slightly as US dollar hits its strongest level in three weeks.

A barrel of US benchmark crude West Texas Intermediate trades Monday morning for USD 71.38 against USD 71.97 Friday afternoon, with European counterpart Brent selling at the same time for USD 74.87 against USD 74.83 Friday at 5 p.m. CET – and USD 75.40 just before midnight Friday.

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