Oil prices fell in Asian morning transactions today, coinciding with the rise in the price of the dollar, supported by expectations of raising interest rates, and after recent economic data from the United States and China that did not provide enough to support expectations of improving demand.
Brent crude futures fell 80 cents, or 0.96%, to $82.32 a barrel.
West Texas Intermediate crude futures fell 69 cents, or 0.87%, to $78.47 a barrel.
The two raw materials fell for the second day after falling by 2 percent yesterday, as they reached their lowest levels since the OPEC + group announced a sudden production cut on the second of April.
Simultaneously, the dollar index rose by 0.40% during this week. A stronger dollar makes oil priced in the greenback more expensive for holders of other currencies.
