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.
|ICE BRENT CRUDE - FEB 10|
|ICE WTI - FEB 10|
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- 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