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Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.

Oil fell the most in a week as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.

Global benchmark Brent futures slid 1.6% on Monday after earlier surging above $71 a barrel. The Bloomberg Dollar Spot Index rose as much as 0.5% on Monday, reducing the appeal of commodities priced in the currency.

(Bloomberg) -- American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption.Eight vessels set sale from the Louisiana Offshore Oil Port, the nation’s only facility that can fully load supertankers, carrying nearly 15 million barrels of crude to South Korea, China and India, according to ship-tracking data compiled by Bloomberg. That’s double the previous month’s volume and an all-time high for LOOP, as the terminal is known.Asian refiner demand...

(Feb 3): American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption. Eight vessels set sale from the Louisiana Offshore Oil Port, the nation’s only facility that can fully load supertankers, carrying nearly 15 million barrels of crude to South Korea, China and India, according to ship-tracking data compiled by Bloomberg. That’s double the previous month’s volume and an all-time high for LOOP, as the terminal is known. Asian refiner demand has provided major sup...