Crude prices trade lower on stronger dollar
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Lowell [2011-05-20]
NEW YORK -- Crude prices fell Monday as the U.S. dollar advanced against other major currencies.
The U.S. dollar rose against the euro on Monday. Traders and analysts said a recovery in the U.S. dollar from recent lows against the euro was pressuring the nominal price of virtually all dollar-denominated commodities.
Light, sweet crude for May delivery fell 98 cents to 100.86 dollars a barrel on the New York Mercantile Exchange.
In London, May Brent crude fell 52 cents to 99.86 dollars barrel on the ICE Futures exchange.