Oil inched lower on stronger US dollar, inventories report
Oil inched lower on stronger US dollar, inventories report
International benchmarks for crude oil cool off after three consecutive gaining sessions on Thursday, 3 June 2021 on the back of the stronger US dollar and the rising gasoline inventories in the US indicating the soft demand at the start of the peak summer driving season.
Brent slipped 4 cents to $71.31/barrel.
WTI inched 2 cents lower to $68.81/barrel.