Oil prices retreat on stronger dollar


New York, April 22 (IANS) Oil prices dipped on Thursday as the US dollar appreciated against other currencies, making the dollar-priced crude more expensive and less attractive for buyers holding other currencies.

The West Texas Intermediate for June delivery moved down $ 1 to settle at $ 43.18 a barrel on the New York Mercantile Exchange, while Brent crude for June delivery decreased $ 1.27 to close at $ 44.53 a barrel on the London ICE Future Exchange.

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