U.S. crude falls in early trading after China interest rate hike

SINGAPORE (BestGrowthStock) – U.S. crude futures fell 49 cents to $91.02 a barrel in early trading on Monday after China raised interest rates over the weekend.

China’s central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its battle to rein in stubbornly high inflation.

(Reporting by Randy Fabi; Editing by Himani Sarkar)

U.S. crude falls in early trading after China interest rate hike