TOKYO – Oil prices fell on Thursday as muted U.S. economic data and expectations of interest rate hikes pushed up the U.S. dollar, prompting fear of a stronger dollar hurting global oil demand by making it more expensive. Brent futures for June delivery were down by 37 cents, or 0.4 percent, at $82.76 a barrel. West Texas Intermediate crude (WTI) for May delivery lost 28 cents, or 0.35 percent, to trade at $78.88 at 0005 GMT. U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, showed a Federal Reserve report published on Wednesday.

https://business.inquirer.net/396724/oil-prices-fall-as-strengthening-dollar-prompts-weak-demand-concern

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