Oil extends losses but Brent holds above $60

Oil prices fell today as dollar rose against most major currencies ahead of the US oil drilling rigs data.

Baker Hughes will later release today the US oil and natural gas drilling count during this week.

By 16:42 GMT, dollar index rose by 0.3% to 98.7 points, with a high of 98.8 and a low of 98.3.

Oil came under pressure despite global markets' hopes about the US-China trade talks.

By 16:35 GMT, WTI fell by 2.7% to $55.1 a barrel, with a high of $56.7 and a low of $54.5.

Brent fell by 1.2% to $60.3 a barrel, with a high of $61.1 and a low of $60.2.