10-06-2016 09:06 via uk.news.yahoo.com

Oil falls on stronger dollar; high refinery demand lends support

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support. U.S. West Texas Intermediate (WTI) futures were down 57 cents at $49.99 a barrel. Analysts said that a rebound in the dollar had dented oil prices by making fuel imports for countries using other currencies more expensive.
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