Oil prices decline on strong US dollar

New York, Nov 18 (IANS) Oil prices declined as strong US dollar offset market’s optimism over an oil output freeze deal.

The West Texas Intermediate for December Delivery on Thursday lost $0.15 to settle at $45.42 a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased $0.14 to close at $46.49 a barrel on the London ICE Futures Exchange, Xinhua news agency reported.