Oil prices are moderately falling on Tuesday afternoon amid low trading activity after Christmas.
The cost of February futures for Brent on the London ICE Futures exchange as of 13:15 pm is $78.96 per barrel, which is $0.11 (0.14%) lower than at the close of the previous trading.
Futures for WTI for February in electronic trading on the New York Mercantile Exchange (NYMEX) have fallen by $0.29 (0.39%) to $73.27 per barrel by this time.
Downward pressure on the quotes is exerted by the strengthening of the US dollar. The DXY index, which reflects its value against six major world currencies, is up less than 0.1%, which reduces the attractiveness of commodities quoted in US currency.
