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RTE: Oil under pressure from strengthening dollar
 
Oil fell in Asian trade today as prices came under continued pressure from a strong dollar and US demand concerns, analysts said.

New York's main contract was down 70 cents to $69.17 a barrel.

Brent North Sea crude eased 52 cents to $71.36 a barrel.

The anticipation of a rate hike spurred the dollar higher in recent days as investors sought better yields, making dollar-priced oil more expensive to buyers using other currencies.

Existing worries over sluggish US energy demand was also another factor undermining oil futures, analysts said.

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