Weak dollar, high U.S. inventories fail to boost oil prices

16 March 2017, New York — Oil prices eased on Thursday, as support from a weaker dollar was offset by a stubbornly high level of U.S. inventories near record highs that suggested OPEC-led output cuts were starting to drain supplies. The Organization of the Petroleum Exporting Countries and some non-OPEC producers cut production from Jan. […] More »