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Oil prices continue dip with stronger dollar

Crude Oil

Oil prices continue dip with stronger dollar

AFP Published on Tue, May 24, 2016 / 4:01 PM GMT+8

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SINGAPORE (May 24): Oil extended losses in Asia Tuesday as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices.

Hawkish remarks by US Federal Reserve officials hinting at a June interest rate hike pushed up the greenback against major currencies.

"A stronger US dollar continued to extend pressure on commodity prices," CMC Markets analyst Margaret Yang said in a note.

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Oil prices continue dip with stronger dollar

Crude Oil

Oil prices continue dip with stronger dollar

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Oil prices continue dip with stronger dollar

Crude Oil

Oil prices continue dip with stronger dollar

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