New York Mercantile Exchange crude oil futures closed down 4, in which crude oil futures contract in February settled down $ 2.17, to December 20, 2010 the lowest settlement price since the level of $ 89.38 a barrel, down 2.4%, and the record in 2010 October 21 largest single-day drop since.
In addition, ICE Brent crude futures fell $ 1.31, to $ 95.53 dollars a barrel, down 1.4%.
Following the crude oil futures rose steadily in recent months, the traders sought to lock in profits. By the market prospects for U.S. economic recovery boosted optimism, since early December 2010 Oil prices have since surged by 6%.
But analysts said that given the price of oil has been part of the overdraft in the fundamentals, the callback is expected.