Oil prices started Asian transactions today, Tuesday, a decrease after they fell to the lowest level in three weeks in the previous session, under pressure from the rise in the dollar and the dealers reaping profits from the gains of the third quarter of the current year.

By 00:02 GMT, Brent crude futures fell 34 cents, equivalent to 0.4 %, to $ 90.37 a barrel.

West Texas Intermediate crude fell 29 cents, or 0.3 %, to $ 88.53 a barrel.

It is noteworthy that the dollar rose yesterday, Monday, to the highest level in 10 months against a basket of major currencies.

Investors in Asia are also awaiting the latest decisions of the Australian Central Bank today, and this bank is expected to keep the main interest rate fixed at 4.10 %, with another raising of the interest proposed by the end of the year in light of the high inflation from the target rate.

The high interest rates, along with the strength of the dollar, make oil more expensive for other currencies, which may lead to a decrease in demand.

Source: National Iraqi News Agency