Oil Prices On Track For First Weekly Loss In Five On Strong Dollar

London: Oil prices fell on Friday as a strong dollar made it more expensive to hold the dollar-denominated commodity, setting contracts up for the first weekly loss in five weeks. Global benchmark Brent crude futures were down 7 cents at $51.31 a barrel at 1337 GMT (7:07 p.m. in India). US West Texas Intermediate (WTI) crude was trading at $50.33 a barrel, down 30 cents from its last settlement. As the dollar surged to a seven-mon...