Friday, March 21, 2014

Oil mixed; US price falls below $100 on stronger dollar

NEW YORK: US oil prices slid below $100 a barrel on Thursday as the dollar strengthened on raised expectations of a Federal Reserve interest rate hike sooner than previously thought. New York´s main contract, West Texas Intermediate (WTI) for delivery in April, fell 94 cents to close at $99.43 a barrel. Brent North Sea crude for May rose 60 cents to $106.45 a barrel in London.

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