Crude oil driven back to 2009 levels on jump in U.S. supplies, Fed hike

The U.S. government reported a surprise jump in last week’s domestic crude supplies and the Federal Reserve announced its first interest-rate hike in more than a decade, sending oil prices back to levels not seen since early 2009.

January West Texas Intermediate crude CLF6, -0.37%  dropped $1.83, or 4.9%, to settle at $35.52 a barrel on the New York Mercantile Exchange. The settlement was the lowest since February 2009.

On its expiration day, January Brent crude LCOF6, -3.30% fell $1.26, or 3.3%, to end at $37.19 a barrel on London’s ICE Futures exchange.

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