NEW YORK—Crude futures tumbled, nearing $81 a barrel on a rebound in the dollar and dropping equities.
Light, sweet crude for November delivery settled $1.44, or 1.7%, lower at $81.25 a barrel on the New York Mercantile Exchange after dropping as low as $80.75 a barrel. Brent crude on the ICE futures exchange traded $1.65 lower at $82.55 a barrel.
Oil prices had little direction Friday morning amid volatile moves in the dollar and equities markets, but crude slid through the session as the greenback bounced back from fresh eight-month lows. A speech from Federal Reserve ...