Oil drops over 1 on higher dollar interest rate concerns

NEW YORK (Reuters) -Oil prices turned lower on Monday as the U.S. dollar strengthened and as investors mulled over a possible May interest rate hike by the U.S. Federal Reserve, which could dampen economic recovery hopes. Brent crude futures were down 97 cents, or 1.1%, at $85.34 a barrel at…Read More

Leave a Reply

Your email address will not be published. Required fields are marked *