18-11-2016 02:18 via uk.news.yahoo.com

Oil prices fall as strong dollar wipes out OPEC cut optimism

By Jane Chung SEOUL (Reuters) - Oil prices fell in early trading on Friday as the strengthening U.S. dollar snuffed out rekindled hopes that OPEC might agree production cuts. U.S. benchmark West Texas Intermediate (WTI) crude futures were down 53 cents from their last settlement, or 1.17 percent, at $44.89 a barrel at 0107 GMT. International Brent crude futures were down 46 cents, or 0.99 percent, at 46.03 a barrel. A stronger U.S. dollar makes oil, which is priced in dollars, more expensive to
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