U.S. crude extends loss, Brent under 100-day MA
U.S. crude and Brent futures extended losses to more than $2 per barrel on Friday amid pressure from the dollar's strength and as the U.S. front-month June contract headed toward expiration at the session's end.
A lower open on Wall Street for U.S. equities added to pressure on crude futures, brokers and analysts said.
On the New York Mercantile Exchange, the expiring June crude contract fell $2.16 to $96.28 a barrel by 9:59 a.m. EDT (1459 GMT), trading from $95.99 to $99.60.
ICE Brent July crude fell $2.22 to $109.20 a barrel, having traded as low as $108.60, falling below the 100-day moving average of $109.76, according to Reuters data.
Brent's early intraday peak was $112.30.
(Reporting by Robert Gibbons)
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