Crude oil prices drop, pressured by stronger US dollar By Reuters – Investing.com

Crude oil prices drop, pressured by stronger US dollar By Reuters – Investing.com

By Jessica Jaganathan

SINGAPORE (Reuters) - Crude oil prices fell on Thursday pressured by a stronger U.S. dollar, but losses were limited by a big drop in crude oil inventories in the United States, the world's top oil consumer.

futures dropped by 74 cents, or 1%, to $73.65 a barrel by 0103 GMT after reaching its highest since April 2019 in the previous session.