Strong dollar unrelenting, NYMEX oil holds near $40/b

摘要

New York—NYMEX December crude settled 15 cents lower Friday at $40.39/b during a volatile session in which a stronger US dollar and elevated geopolitical risk left the market searching for direction. And if the current strong dollar/weak crude dynamic continues, Bank of America Merrill Lynch analysts expect it could prompt a policy change from Saudi Arabia.