Oil Softens as USD Climbs to 10Month High on Rate Fears

WASHINGTON (DTN) — West Texas Intermediate futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange extended losses into early morning Tuesday under pressure from a rallying U.S. Dollar Index as investors digested stronger-than-expected industrial data and hawkish comments from Fed officials. Near 7:45 a.m. EDT,…Read More

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