Crude down $10 after hitting 15-month high in early January. Strong support seen at $70-$75.

摘要

Crude oil futures fell US$10 per barrel to $74 less than two weeks after surging to 15-month highs in early January on very cold winter weather in much of the northern hemisphere and escalating geopolitical tensions in key oil producing countries. As warmer weather returned, renewed worries about the global economic outlook hammered oil prices in the second half of the month.