Crude Losses Ease as Dollar Drop Offsets US Drilling Boom
Futures were little changed after earlier falling as much as 1%. U.S. explorers added 11 rigs last week to cap the longest stretch of gains since 2011, according to data from Baker Hughes Inc. Bloomberg's Dollar Spot Index fell to the weakest in three weeks as soft inflation data from the U.S. cast doubt on the pace of Federal Reserve rate hikes.
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