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Oil prices fall on strong dollar

Xinhua, January 4, 2017 Adjust font size:

Oil prices fell on Tuesday as the U.S. dollar rallied to its highest since 2002.

The West Texas Intermediate for February Delivery erased 1.39 dollars to settle at 52.33 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery dropped 1.35 dollars to close at 55.47 dollars a barrel on the London ICE Futures Exchange. Enditem