Crude futures closed lower Thursday after the dollar rose and a closely watched report slashed Germany’s economic growth forecast. ICE November Brent crossed below $90/barrel for the first time since June 2012, falling as low as $89.90/b before settling $1.33/b lower than Wednesday’s close at $90.05/b. NYMEX November crude finished the day $1.54 lower at $85.77/b. In refined products, front-month NYMEX ULSD settled down 3.93 cents at $2.5366/gal, while NYMEX November RBOB closed 4.35 cents lower at $2.2749/gal. The dollar gained ground Thursday, putting downward pressure on oil prices, after retreating Wednesday when minutes from the latest Federal Reserve meeting delayed expectations of an interest rate hike. In Europe, a semi-annual report by leading German think tanks pegged the country’s economic growth at 1.3% this year and 1.2% in 2015, a downward revision compared with their earlier forecast of 1.9% and 2%. IMF […]