Oil Tumbles Most in Seven Weeks as Metals Decline, Dollar Gains

Crude oil fell the most in seven weeks in New York as commodities including precious metals tumbled and the dollar strengthened.

Futures dropped from the highest level in 27 months amid signals that a global economic recovery will boost investments in currencies and equities. Gains in the dollar reduce demand for commodities priced in the U.S. currency. Oil climbed 8.6 percent last month as the greenback dropped 3 percent.