US crude fell more than $1 on Nov. 10, edging below $78 a barrel, and Brent crude also dropped with both reversing early gains as US dollar strength outweighed worries about conflict in Libya and Ukraine.
Ukraine's Energy Challenge
Reuters: Oil falls as strong dollar outweighs Libya, Ukraine concerns
The dollar rose 0.18 percent against a basket of currencies, regaining ground after dropping in European trade. Recent strength has made oil and other commodities priced in dollars more expensive for holders of other currencies, suppressing demand.
