Oil prices fell this morning as the dollar strengthened amid continuing concerns over the eurozone's debt crisis.
US crude dropped by $1.23 to stand at $83.23 a barrel and Brent futures fell by 78¢ to $106.36 a barrel at 0628 GMT.
Doubts still remain over the ability of European policymakers to curtail the debt crisis, which is threatening to trigger a global recession and curtail oil demand.
Investors retreated from riskier assets as the US dollar gained 0.3% against a basket of currencies, reports Reuters.
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