Oil futures settled lower Jan. 15 on the back of a stronger dollar and a renewed focus on demand growth concerns amid the spread of lockdowns across China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX February WTI settled down $1.21 at $52.36/b and ICE March Brent moved $1.32 lower to $55.10/b. Crude prices, which were already trending lower overnight, came under additional pressure in US trading as the dollar rallied after President-elect Joe Biden revealed a $1.9 trillion dollar stimulus plan late Jan. 14. The ICE US dollar index was holding at around 90.75 in afternoon trading, on pace to close at the highest since Dec. 11. “Oil needed a big catalyst to keep the recent rally going so energy traders […]