31-08-2016 08:59 via uk.news.yahoo.com

Oil dips on stronger dollar, rise in U.S. crude inventories

By Mark Tay SINGAPORE (Reuters) - Crude oil futures dipped on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories. International Brent crude oil futures were trading at $48.30 per barrel at 0652 GMT, down 7 cents from their previous close. U.S. West Texas Intermediate (WTI) crude futures were down 7 cents at $46.28 a barrel.
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