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Oil prices dip on stronger dollar; rise in US crude stocks data

US West Texas Intermediate crude futures were down 16 cents, or 0.4 per cent, at $46.19 a barrel

Reuters  |  Singapore 

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures were trading at $48.27 per barrel at 0052 GMT, down 10 cents, or 0.2 per cent, from their previous close. US West Texas Intermediate (WTI) crude futures were down 16 cents, or 0.4 per cent, at $46.19 a barrel. The US dollar index, which measures the currency against a basket of six majors, rose as high as 96.143, its highest level since August 9, on Tuesday. A stronger ...

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First Published: Wed, August 31 2016. 06:44 IST
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