New York—An overbought oil complex settled sharply lower Thursday amid a surging US dollar and still-bearish fundamentals. ICE June Brent settled $2.23 lower at $65.54/barrel, while NYMEX June crude settled $1.99 lower at $58.94/b. Products were lower as well, with NYMEX June ULSD leading the way, down 5.44 cents at $1.9617/gal. June RBOB settled 4.63 cents lower at $1.9903/gal.
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