Crude oil prices dipped on Thursday as a stronger U.S. dollar brought them off multi-year highs, but losses were limited by a big drop in U.S. crude oil inventories. Brent crude oil futures dropped 33 cents, or 0.4%, to $74.06 a barrel by 0836 GMT. They hit their highest since April 2019 in the previous session. U.S. crude oil futures inched down 28 cents, or 0.3%, to $71.87 a barrel, after reaching their highest since October 2018 the previous day. The U.S. dollar boasted its strongest single day gain in 15 months after the Federal Reserve signaled it might raise interest rates at a much faster pace than assumed. read more A firmer greenback makes oil priced in dollars more expensive in other currencies, potentially weighing on demand. “Energy markets became so fixated over a robust summer travel season and Iran nuclear deal talks […]