Signs That Chinese Economy Cooling Brings Crude Under $80

摘要

Crude futures fell under $80 per barrel Tuesday for the first time this month in a selloff spurred by news that China had raised a key interest rate for the first time since 2007, which in turn caused the dollar to strengthen against major currencies. Nymex November crude fell $3.59 or 4.3% to settle at $79.49 while December Brent, trading on the ICE Exchange in London, lost $3.27 to $81.10.