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Crude prices fell by 1$/bbl as China tightens Monetary Policy. February WTI $78.30/bbl down 72 cents/bbl and BRENT March $77.00/bbl down 63 cents/bbl.
Crude futures softened on Wednesday amid news that China had further tightened its monetary policy. A stronger US dollar and expectations of a build in US crude stocks added further downside pressure. The Dubai Mercantile Exchange (DME) March Oman futures contract settled at $76.67/bbl, down 20 cents/bbl on the previous day.
Crude futures softened on Wednesday amid news that China had further tightened its monetary policy. A stronger US dollar and expectations of a build in US crude stocks added further downside pressure. The Dubai Mercantile Exchange (DME) March Oman futures contract settled at $76.67/bbl, down 20 cents/bbl on the previous day.
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