Oil Pares Losses With Dollar Easing Off Session Highs
Oil Rally Held Back by Dollar Gains and Equity Sell-Off Bloomberg 1/11/2021 Andres Guerra Luz (Bloomberg) -- Oil closed little changed with a stronger U.S. dollar and broader market selloff sapping momentum from a recent rally. Futures in New York ended the session up 1 cent at the highest since February on Monday following a surge above $50 a barrel last week. Yet, crude did not manage to eke out a larger advance with U.S. equities dropping from records and dollar gains reducing the appeal of commodities like oil that are priced in the currency. With crude starting the year...