NEW YORK, Jan 20 (Reuters) - U.S. expiring February crude
oil futures prices fell more than 2 percent on Thursday on an
unexpected rise in U.S. crude inventories and concerns China's
inflation could prompt more monetary tightening.
Crude futures posted a third consecutive lower settlement
and Thursday's 2.2 percent slide was the biggest percentage
slip since prices fell 2.37 percent on Jan. 4.
On the New York Mercantile Exchange, expiring February
crude <CLG1> fell $2, or 2.2 percent, to settle at $88.86 a
barrel, trading from $88 to $90.86.
NYMEX March crude <CLH1> fell $2.22, or 2.42 percent, to
settle at $89.59 a barrel, trading from $88.90 to $91.80.
(Reporting by Robert Gibbons)