Crude Oil Falls on Dollar Advance, Speculation of Supply Gains

Crude oil fell to the lowest in five weeks on a stronger dollar and speculation U.S. fuel inventories will increase as the recession curbs demand in the world’s biggest energy consuming country. Oil and commodities including gold declined as the dollar climbed against the Euro, limiting investor appetite for assets to hedge against inflation. Eighteen of 37 analysts surveyed by Bloomberg News, or 49 percent, said oil futures will decline through July 10.....Complete Story