NEW YORK -- A stronger dollar and higher interest rates in China kept a lid on the price of oil Wednesday.
Benchmark West Texas Intermediate crude for August delivery lost 24 cents to settle at $96.65 per barrel Wednesday on the New York Mercantile Exchange. Brent crude, used to price many international oil varieties, added a penny to settle at $113.62 per barrel on the ICE Futures exchange in London.
Crude had been rising since last week, nearly recovering from a late-June drop to around $90 a barrel.
-- The Associated Press
