Skip to main content

MoneyWorks4Me

Crude oil futures end lower on stronger dollar

26 Sep 2023 Evaluate

Crude oil futures ended lower on Monday on stronger dollar. The dollar rose to new multi-month high, riding on hawkish comments on interest rates from the Federal Reserve and other central banks. Crude oil prices also fell as concerns about energy demand and interest rates offset optimism about a tighter supply outlook.

Benchmark crude oil futures for November delivery lost $0.35 or 0.4 percent to settle at $89.68 a barrel on the New York Mercantile Exchange. However, Brent crude for November delivery added $0.02 to settle at $ 93.29 a barrel on London's Intercontinental Exchange.