Crude oil prices drift lower in early Friday trading after strengthening in the U.S. dollar on a Senate move to overhaul the tax code. The rise in the value of the U.S. dollar and tolerance for the risk in the oil-rich Kurdish north of Iraq pushed oil prices lower in early Friday trading. Republicans in the U.S. Senate gathered enough support to approve a 2018 budget resolution backed by President Donald Trump that will serve as a framework for the party’s plans for a comprehensive tax reform. Trump endorsed the budget plan, which would cap a 10-year deficit hike at $1.5 trillion. The plan projects $2.5 trillion in revenue next year with a deficit of $641 billion. The passage helped improve the value of the U.S. dollar when measured against a basket of foreign currencies on Friday. The value of […]