US crude for August dipped to US$50.1, while Brent for September dropped to US$56.6 levels. Oil futures fell on ample supply amid the prospect of more Iranian crude for export along with a strengthening dollar that rose to three-month highs and rising US interest rates. A stronger dollar makes crude more expensive for other currencies and rising US interest rates are expected to curb liquidity, possibly adding to price pressures on crude oil
21-Jul-15 
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