Oil retreats from $80 high

US dollar hit highest level in four months, helping draw down crude prices

Oil price: Brent crude futures reached an intraday high of $80.50 a barrel, but later gave up most gains to settle up 2 cents at $79.30 a barrel
Oil price: Brent crude futures reached an intraday high of $80.50 a barrel, but later gave up most gains to settle up 2 cents at $79.30 a barrel
Published 17 May 2018, 22:56Updated 17 May 2018, 22:56