Crude futures fell in Europe Thursday due to a firming dollar and cautious sentiment ahead of key U.S. oil inventories data due at 11 a.m. EST (4 p.m. GMT).
Trading activities are muted, with crude futures largely stuck in a narrow range. Some traders have opted to cash in their profits after overnight gains, as the strength in the dollar is expected to persist, while the euro is still pressured by lingering concerns over Greece’s debt problems.
Full story: Oil Slips Ahead of U.S. Inventories via WSJ.com.