New York-The oil complex settled lower Thursday as a two-day rally lost momentum and the market shifted its focused back to supply and demand fundamentals, while a stronger dollar also provided downward pressure. NYMEX August crude settled $1.55 lower at $48.33/b, while ICE August Brent settled down 93 cents at $49.68/b. Prompt NYMEX crude had gained $3.55 in the previous two trading sessions, while ICE Brent was up $3.45 over the same period.
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