By Kristene Quan, MarketWatch
HONG KONG (MarketWatch) — Oil slipped in Asian electronic trading Friday, extending losses made in the previous session, as the dollar built on recent gains.
Light, sweet crude for November delivery CLX2 -0.04% fell 8 cents, or 0.1%, to trade at $92.02 a barrel on Globex.
Oil futures had lost ground on Thursday after economic reports weighed on investor confidence and propelled the dollar higher.
The ICE dollar index DXY +0.05% , which measures the greenback against a basket of six major global currencies, edged up to 79.38 on Friday, from 79.356 in late North American trading Thursday.
Oil and other commodities priced in dollars tend to weaken when the dollar gains, as they become more expensive for holders of other currencies.
Elsewhere in the energy sector, heating-oil for November delivery HOX2 +0.35% rose 1 cent to $3.17 a gallon, and gasoline for delivery in the same month RBX2 +0.32% also rose 1 cent to $2.75 a gallon.
Natural-gas futures for November delivery NGX12 -0.03% fell 2 cents to $3.56 per million British thermal units.
Kristene Quan is a MarketWatch reporter, based in Hong Kong.
