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Crude-oil futures extended their losses during Asian trading hours Wednesday as the U.S. dollar added to its overnight gains in the wake of a U.S. central banker’s criticism of the Federal Reserve’s latest round of monetary easing.
Light, sweet crude-oil futures for November delivery fell 60 cents, or 0.7%, to $90.77 on Globex.
The drop added to the contract’s 56-cent loss on the New York Mercantile Exchange overnight, when it ended at its lowest settlement since Aug. 2.
The ICE dollar index , a measure of the greenback’s performance against six major global currencies, was at 79.830, compared with 79.673 in North America late on Tuesday.
Marketwatch
