Stronger dollar forces oil prices down
There is also concern about oversupply after an announcement that a trio of Gulf producers will end voluntary output cuts
09 June 2020 - 13:19
London — Oil prices fell on Tuesday weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts.
Brent crude was down 85 US cents, or 2.1% to $39.95 a barrel by 9.12am GMT. West Texas Intermediate (WTI) crude fell 98c, or 2.6% to $37.21 per barrel...
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