Oil prices fall as dollar hits 14-year high

By Christopher Johnson LONDON (Reuters) - Oil prices fell on Thursday as the dollar rallied in the wake of a rise in U.S. interest rates, despite forecasts of a tighter oil market in 2017 due to planned output cuts. The dollar hit a 14-year high against a basket of other currencies after the U.S. Federal Reserve raised rates for the first time in a year and hinted rates could rise faster than investors had anticipated in 2017. U.S. light crude oil fell $1.09 a barrel to a low of $49.95 before re