The price of oil fell nearly 2% on Wednesday as concerns about future Chinese demand rose to the fore. As a large oil consumer, indications of the Chinese tightening their lending policies have raised fears that demand may well be hindered going forward. The Chinese saw 10.7% growth in Q4 2009, exceeding most analysts forecasts.

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Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - FEB 10

$76.30

-$0.02

ICE WTI - FEB 10

$77.89

+$0.15

GASOIL - FEB 10

$617.50

+$3.50

Market News

  •  The Bank of China ordered credit officials to stop making new yuan-denominated loans
  •  The weekly oil inventories are scheduled for release today, as opposed to the usual Wednesday
  • Please note that in corporate news, we are scheduled to see results being released by Goldman Sachs, Google and American Express later on in the day