Oil prices fell on Wednesday, weighed down by a rebound in the U.S. dollar from three-year lows hit last week and by an expected rise in U.S. crude production. Brent crude futures were last down 71 cents at $64.54 a barrel by 1013 GMT, while West Texas Intermediate (WTI) crude futures fell 74 cents to $61.19 a barrel. The premium of Brent over WTI widened to almost $3.60 a barrel, having neared its narrowest in six months on Tuesday as concern about a bottleneck of Canadian crude imports underpinned U.S. futures. “A sense of harmony has returned this morning with both crude benchmarks plowing a southerly furrow as the dollar gains further ground,” PVM Oil Associates analyst Stephen Brennock said. The dollar rose against other major currencies, buoyed by the rise in short-term U.S. government bond yields their highest in over nine years and ahead of […]

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