Oil Falls to Two-Month Low Amid Dollar Strength, Ample Supply

Updated on
  • North Sea field shutdowns to grow after Brexit: Oil & Gas U.K.
  • Goldman Sachs sees U.S. crude output falling 370k b/d in 2017

Oil's Price Momentum Fizzles on Waning Global Demand

Oil closed at the lowest level in more than two months in New York as the dollar rose against its peers and global crude markets were deemed comfortably supplied despite threats to output.

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