Crude oil settled lower on stronger US dollar and higher supply expectations
Crude oil settled lower on stronger US dollar and higher supply expectations
International benchmarks for crude oil settled lower on Friday, 26 February 2021 on the back of strengthening US dollar and expectations that OPEC+ would decide to increase output in the meeting next week in response to higher prices.
Brent fell $0.75/barrel or 1.13% to $66.13/barrel.
WTI fell $2.03/barrel or 3.3% to $61.50/barrel.