Threatening to go below $30 a barrel crude prices ended lower on Tuesday. February West Texas Intermediate crude lost 97 cents to end trade at $30.44 a barrel on the New York Mercantile Exchange. Over on the London ICE Futures Exchange, February Brent crude dropped 69 cents to settle at $30.86 a barrel.
The U.S. dollar gained strength against other currencies. The American economy is faring well while China’s economy continues to occupy traders’ worries about a weakening demand. A stronger U.S. dollar usually means lower crude prices.
February natural gas slipped 13.9 cents on Tuesday. The New York Mercantile Exchange contract ended the trading day at $2.257 per million British thermal units.
