Sky News Australia | Oil dives on soaring dollar Sky News Australia A robust jobs report has sent the US dollar soaring, driving a sell-off in the oil market that has left the US futures benchmark back below $50 a barrel. West Texas Intermediate for delivery in April slid $1.15 to $49.61 on the New York Mercantile ... Oil dives on soaring dollar after US jobs report Oil in biggest weekly drop since January on dollar, rate-hike fear U.S. Running Out Of Oil Storage? Blame Canada. |