LONDON—Crude-oil futures fell Tuesday, under pressure from a broadly firmer dollar.
"All eyes are on the dollar at the moment, as this is the main price mover," said Glen Ward, head of retail derivatives at London Capital Group. "The euro is finding it hard to get above $1.40 convincingly…a weaker euro will mean a weaker oil market."
Crude-oil prices tend to fall when the dollar strengthens because it makes the dollar-denominated commodity more expensive for holders of other currencies.
