Oil Declines With Dollar Strength in Focus After Trump Shooting.

Oil prices declined as the attempted assassination of Donald Trump, a Republican presidential contender, increased political risk. The attack injected uncertainty into the US election race. Additionally, the strength of the US dollar made commodities, including oil, more expensive for most buyers. China's Third Plenum, which will set the nation's economic and political priorities, will also be closely watched for its impact on the world's largest crude importer. Concerns over China's shrinking appetite for crude oil and soybeans have raised concerns about global oil consumption growth. However, near-term demand for oil remains robust, as indicated by timespreads. [Extracted from the article]