Monday, December 27, 2010

Oil falls from two year highs on concerns of economic slowdown amid interest rate hike in China

Crude oil for February fell by over 50 cents to US$91 a barrel on the Nymex, while Brent crude rose very marginally to US$93.85 on the ICE Futures Europe exchange. The fall has come amid concerns thatt China’s second interest-rate increase in the past two months may slow economic growth.

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