Oil stabilizes after slump led by strong dollar and supply issues – Bloomberg
Photographer: Akos Stiller / Bloomberg
Photographer: Akos Stiller / Bloomberg
Oil has stabilized in New York after the biggest drop since July on a stronger dollar, with concerns over OPEC’s supply coming back to the fore.
The futures were whipped by the dollar this week, the rise in the US dollar helping to push oil down 2.9% on Wednesday to the lowest level since early August.…