Crude oil futures fell in electronic trading session on Thursday (23/02). Thiscommodity away from the 9-month highs and the dollar failed to take advantage of falling rates.
April light sweet variants delivery fell 32 cents, or 0.3% to as low as $ 105.96 perbarrel during Asian session this afternoon. Front-month contract had gained 3 centson the NYMEX regular session last night, before finally finishing at the best levelsince last May 4.
However, the contract was up 7.5% during the month of February thanks to the political sentiment in the region of Iran. Crude oil stalking some poor performance of regional stock exchanges, which are affected by the correction on Wall Streetovernight.
The dollar index actually fell slightly throughout the day. Typically, the weakening of the USD exchange rate is a good sentiment for the commodity because the value ofpurchasing becomes more affordable. But oil prices are too high seems to be the point of purchase so that the investor chooses to hold back. Among other energyproducts, gasoline shipments in April fell 0.2% to $ 3.26 per gallon. Less heating oil
