Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar, and expectations grew that more supply is likely to return to the market with oil prices back above pre-pandemic levels.
U.S. West Texas Intermediate (WTI) crude futures dropped 96 cents, or 1.5%, to $62.57 a barrel at 0804 GMT, giving up all of Thursday’s gains.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
