Oil edges down for second consecutive day  on US Dollar strength

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• Oil (WTI) slides lower and starts flirting with first important support near $88. 
• The US Dollar value keeps increasing as markets price in a  possible persistent rate differential between USD and  other  currencies.
• Higher Oil prices have negative implications even  for Oil producers.

Oil prices are falling for a second day in a row, with US Western Texas Intermediate (WTI) breaking below the $90 level, on the back of a strengthening US Dollar.  Although higher Oil prices should be a good thing for Oil-producing companies, the recent spike has triggered a 5.3% sell-off in an oil producers index. It looks like energy traders are reaching the pain point where demand could start to diminish, which means less  income for oil producers.