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Oil prices dived on Wednesday.
The West Texas Intermediate for May delivery decreased by 18.54 U.S. dollars, or 16.41 percent, to settle at 94.41 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery dropped 14.52 dollars, or 13.29 percent, to settle at 94.75 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle lower
The U.S. dollar weakened in late trading on Wednesday.
The dollar index, which measures the greenback against six major peers, dropped 0.72 percent to 99.142 at 15:00 (1900 GMT).
In late New York trading, the euro increased to 1.1683 dollars from 1.1574 dollars in the previous session, and the British pound was up to 1.3415 dollars from 1.3251 dollars in the previous session.
The U.S. dollar bought 158.51 Japanese yen, lower than 159.73 Japanese yen of the previous session. The U.S. dollar declined to 0.7914 Swiss francs from 0.7988 Swiss francs, and it fell to 1.3849 Canadian dollars from 1.3899 Canadian dollars. The U.S. dollar lost to 9.3069 Swedish kronor from 9.5065 Swedish kronor.
U.S. dollar ticks down
U.S. dollar ticks down
