By Adedapo Adesanya Crude oil prices fell for the second consecutive session on Wednesday as the US Dollar strengthened and government data showed a surprise jump in stockpiles. Brent crude futures shed 16 cents or 0.2 per cent to settle at $86.09 a barrel, and the US West Texas Intermediate (WTI) crude futures dropped 27 cents or 0.3 per cent to trade at $81.35 a barrel. A stronger US Dollar weighed on oil, with the US dollar index gaining for a second consecutive session. A rising greenback makes Dollar-denominated oil more expensive for holders of other currencies, dampening demand since the
Crude Oil Prices Fall on Stronger Dollar, Rise in US Stockpiles
