Oil turns lower as greenback rallies on Fed minutes

From Mark Shenk:

Oil dropped from a seven-month high as the US dollar surged after the Federal Reserve published minutes of its latest monetary policy meeting suggesting a June hike is possible. Commodities fell as the Bloomberg Dollar Spot Index, which tracks the US currency against 10 others, surged. The April minutes showed that policy makers saw an interest-rate hike appropriate in June if labour markets and economic growth continued to strengthen…..

Source: Oil turns lower as greenback rallies on Fed minutes

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