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Oil prices retreat on stronger U.S. dollar

Xinhua, August 6, 2016 Adjust font size:

Oil prices moved down Friday, as a stronger U.S. dollar dented investor sentiment, which made the dollar-denominated oil less attractive for holders of other currencies.

The West Texas Intermediate for September delivery fell 13 cents to settle at 41.80 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery lost 2 cents to close at 44.27 dollars a barrel on the London ICE Futures Exchange. Enditem