Oil down on stronger dollar, rising U.S. rig depend

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MELBOURNE (Reuters) – Oil costs fell on Monday, extending losses from Friday after the U.S. greenback jumped to a three-week excessive and the U.S. rig depend rose, though practically 1 / 4 of U.S. Gulf of Mexico output remained offline within the wake of two hurricanes.



FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing


© Reuters/Nick Oxford
FILE PHOTO: Crude oil storage tanks are seen from above on the Cushing oil hub in Cushing

U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $71.67 a barrel at 0059 GMT, after declining by 64 cents on Friday.

Brent crude futures fell 27 cents, or 0.4%,

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