Oil drops as US dollar strengthens

Prices ease away from recent highs as expectations also grow more supply will enter the market

Stronger greenback: a rise in the US dollar has weighed on oil prices, has expectations of more supply returning to the market — Stronger greenback: a rise in the US dollar has weighed on oil prices, has expectations of more supply returning to the marketPhoto: AFP/SCANPIX/

Reuters

USA Singapore Opec+JP Morgan Opec

Published 26 February 2021, 06:39Updated 26 February 2021, 06:40