Oil futures settled with a loss of 1% on Thursday, as a stronger dollar helped fuel a pullback in the U.S. benchmark from its highest level of the year.Traders assessed a report Thursday from an international energy watchdog that said crude demand was rising around the globe, but supply growth would stay strong.
July West Texas Intermediate crude CLN5, -0.36% lost 66 cents, or 1.1%, to settle at $60.77 a barrel on the New York Mercantile Exchange. Prices had settled at $61.43 on Wednesday, the highest since December, based on the most-active contracts.
July Brent crude LCON5, -0.29% fell 59 cents, or 0.9%, to $65.11 a barrel on London’s ICE Futures exchange.
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