IEA’s Birol Sees High Gas Prices for `Weeks to Come’ Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Reserve meeting that’s expected to see stimulus scaled back. Futures in New York fell to trade below $71 a barrel amid a broader decline in stock markets. The dollar rose for a third day, making commodities priced in the currency less attractive to investors. Policy makers are poised to start laying the groundwork for reducing monthly asset purchases when the Fed meets for two days from Tuesday, while markets are also weighing the risk of spillover from China Evergrande Group’s woes. “Oil prices are down as the new week of trading gets underway,” said Carsten Fritsch, an analyst at Commerzbank AG. Prices are facing a “headwind today from the firm U.S. dollar in particular, which is showing signs of […]