Oil prices dropped on Monday, with U.S. crude falling around 3%, as a stronger U.S. dollar and persistent worries about the global surplus of crude continued. Other dollar-priced commodities, from copper to gold, also fell. The Wall Street Journal Dollar Index, which tracks the greenback against a basket of other currencies, rose 0.4% on Monday, as anticipation continues to mount that the U.S. Federal Reserve will raise the interest rates in December . “Oil prices and the USD strength have an inverse relationship and if the USD does strengthen more, oil prices should be taking a hit,” said Daniel Ang, analyst at Phillip Futures. Brent crude, the global oil benchmark, fell 90 cents, or 2.1%, to $43.72 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down $1.30, or 3%, at $40.60 a barrel. Market participants remain nervous that […]