Oil prices decline on strong US dollar

New York: Oil prices declined as strong US dollar offset market`s optimism over an oil output freeze deal.

The West Texas Intermediate for December Delivery on Thursday lost $0.15 to settle at $45.42 a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased $0.14 to close at $46.49 a barrel on the London ICE Futures Exchange, Xinhua news agency reported.