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Oil prices dip on stronger US$, rig count rise

Monday, October 17, 2016 - 05:50

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Oil prices fell slightly on Friday as traders balanced a stronger US dollar and another increase in the US oil rig count against expectations that more Opec talk of output cuts will keep crude above US$50 per barrel.

New York

OIL prices fell slightly on Friday as traders balanced a stronger US dollar and another increase in the US oil rig count against expectations that more Opec talk of output cuts will keep crude above US$50 per barrel.

The US dollar posted its best weekly performance in more

sentifi.com

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