FX & CFD trading involves significant risk
as accelerating Chinese inflation bolstered concern that economic stimulus may
be curbed. The spread between crude in
fell as much as 1.2 percent after the Chinese government said prices rose the
most in seven months. The discount of West Texas Intermediate oil traded in
consumer price index rose 2.5 percent in December from a year earlier, the
National Bureau of Statistics said today in
Crude oil for February delivery fell to $92.65 a barrel on the New York Mercantile Exchange. Prices settled at $93.82 yesterday, the highest level since Sept. 18.
Brent oil for February settlement declined $1.64, or 1.5 percent, to $110.25 a barrel on the London-based ICE Futures Europe exchange. Volume was 39 percent above the 100-day average. The grade is down 1 percent this week.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.