Oil drops on dollar strength and OPEC+ supply expectations

LONDON: Oil prices fell on Friday as bond price rout led to gains in the U.S. dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.

Brent crude futures for April, which expire on Friday, fell 69 cents, or 1%, to $66.19 a barrel by 1442 GMT. The more actively traded May contract slipped by 80 cents to $65.31.

U.S. West Texas Intermediate (WTI) crude futures dropped $1.00, or 1.5%, to $62.53.