WASHINGTON (dpa-AFX) - Crude oil prices pulled back Tuesday, unable to hold the $50 a barrel mark for the second time in a week.
A stronger dollar and concerns about the outcome of this week's OPEC meeting kept oil prices in check.
WTI oil settled at $49.10/bbl on Nymex, down 23 cents, or 0.5%
Commodities were sluggish today amid expectations the Federal Reserve will hike interest rates in June.
Still, crude oil was up a whopping 7% in the month of May.
Analysts say the global supply glut that drove oil to $26 earlier in the year will quickly evaporate.
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