Dollar strengthens as oil prices stabilize
Fox News
Oil prices settled at lower rates Thursday as the U.S. dollar also strengthened, making crude oil more expensive for buyers outside the country.
While new orders for U.S. manufactured goods rose broadly in December, orders for industrial equipment and other machinery fell, according to the latest Commerce Department data.
"It was highlighting more slowing in the economy, particularly on the industrial side, which is a negative for petroleum," said John Kilduff, a partner at Again Capital.
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