Reuters | Oil drops below $48 on stronger US dollar as support from outages fades Reuters LONDON Oil fell below $48 a barrel on Thursday, pressured by a stronger dollar and a surprise increase in U.S. crude inventories which served as a reminder that supplies are plentiful despite output problems. Supply losses in Canada and Nigeria have ... Oil price takes big hit as dollar fears realised Oil Hit by Stronger Dollar, Increase in US Crude Stocks Oil drops on Fed hike speculation, fading support from outages |