Oil prices open lower on dollar strength, profit-taking
Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected.
Brent futures dipped 14 cents, or 0.2 per cent, to $79.32 a barrel by 0001 GMT, while U.S. West Texas Intermediate (WTI) crude fell 15 cents to $75.20 a barrel. Image Source; Reuters.