Wall Street Journal | Oil steady as Europe optimism offsets supply glut, strong dollar Economic Times A stronger dollar pressured the oil price. The dollar index was up 0.7 percent, while the euro shed 1 percent against the greenback. Oil, denominated in the U.S. currency, becomes less affordable to holders of other currencies when the dollar strengthens. Oil Prices End Slightly Higher Crude Falls for Second Day on Concern Iran Will Add to Glut Oil prices off on Chinese supply data |