Markets

Market Chatter: Oil Falls on Chinese Inflation Data

"Oil dropped as accelerating Chinese inflation bolstered concern that economic stimulus may be curbed," Bloomberg reported.

It said: "Futures fell as much as 1.2% after the Chinese government said prices rose the most in seven months. Crude oil for February delivery fell 52 cents, or 0.6%, to $93.30 a barrel on the New York Mercantile Exchange. Futures are up 21 cents this week. Brent oil for February settlement declined $1.64, or 1.5%, to $110.25 a barrel on the London-based ICE Futures Europe exchange."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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