Oil prices decline with the rise of the dollar

Oil prices fell for the second day in a row with the rise of the dollar amid political uncertainty in the United States. Brent crude futures fell 55 cents, or 0.7 %, to $84.48 per barrel, after closing 37 cents lower last Friday. The price of US West Texas Intermediate crude reached $81.65 per barrel, down 56 cents, or 0.7 %. Last week, Brent crude fell more than 1.7 % after four weeks of gains while US West Texas Intermediate crude futures fell 1.1 % as weak oil demand in China, the world's largest crude importer, faced strong summer consumption in the United States. Source: National Iraqi News Agency