China's Plans to Curb Lending Depressed the Market

Crude oil rallied to an 8-week high of 82.41 earlier on the day as USD weakened and concerns over Greek debt crisis eased. However, price then pared gains as the dollar rebounded and China implemented further measures to curb lending. The front-month contract for WTI crude oil ended the day at 81.87, +0.45%.

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China's Plans to Curb Lending Depressed the Market