Oil prices dipped in early Asian trade on Tuesday after falling to a three-week low in the previous session on a strengthening US dollar and traders taking some money off the table from the last quarters chunky gains.

Brent futures for December delivery fell 34 cents, or 0.4%, to $90.37 a barrel.

US West Texas Intermediate crude declined 29 cents, or 0.3%, to $88.53 per barrel.

On Monday, the US dollar rose to a 10-month high against a basket of major peers.

Investors in Asia are also awaiting the Reserve Bank of Australias latest policy decision and guidance on Tuesday. It is expected to keep its key interest rate steady at 4.10%.

Higher interest rates along with a stronger dollar, which makes oil more expensive for holders of other currencies, could dent oil demand.

Source: Qatar News Agency