Oil Price Below $75

24 January 2010 (Last Updated January 24th, 2010 18:30)

Crude oil prices fell below $75 a barrel today on market uncertainty over a proposed tightening of bank trading rules by the US and tighter monetary policy in China. For March delivery, US crude fell 3¢ at $74.51 a barrel by 12:34am EST, while London Brent crude climbed 17¢ to

Crude oil prices fell below $75 a barrel today on market uncertainty over a proposed tightening of bank trading rules by the US and tighter monetary policy in China.

For March delivery, US crude fell 3¢ at $74.51 a barrel by 12:34am EST, while London Brent crude climbed 17¢ to $73, reports Reuters.

According to the news agency, analysts said sentiment during the week would be shaped by the latest US Federal reserve comments on interest rates due on Wednesday.

Oil prices have fallen in seven out of eight trading sessions since 11 January.