A surging U.S. dollar pushed oil prices on Tuesday to their lowest settlement for the month of March, ahead of data that are expected to show a ninth straight weekly rise in U.S. crude supplies.On the New York Mercantile Exchange, crude for delivery in April CLJ5, +1.35% settled at $48.29 a barrel, down $1.71, or 3.4%. The settlement was the lowest for a most-active contract since Feb. 26.
Brent crude for April delivery LCOJ5, +0.74% on London’s ICE Futures exchange fell $2.14, or 3.7%, to end at $56.39 a barrel.
No comments:
Post a Comment