Oil prices fell for a third consecutive day due to the strengthening of the US dollar. Brent futures were down 0.3% to $75.69 a barrel, while the US West Texas Intermediate crude futures slipped 0.2% to $71.06. The US dollar was boosted after strong housing data was reported. The strengthening of the dollar makes the commodity expensive for foreign buyers. Traders remain anxious for the future of China’s economic growth with a faltering recovery from factory and retail data. The US Federal Reserve’s congressional testimony by Jerome Powell will also add to traders' cautiousness in trading later today.