Elsewhere, crude-oil prices CLJ6, +0.03% slid Tuesday a day after logging their highest settlement of the year as investors began to doubt the likelihood of a production freeze. The slide weighed on U.S. stocks DJIA, -0.64%
China’s oil imports actually surged in February even as other imports dropped sharply.
The euro EURUSD, -0.3451% weakened slightly to $1.1011 as investors showed reluctance to place large bets on the shared currency ahead of Thursday’s meeting of the European Central Bank, analysts said. The shared currency traded at $1.1022 late Monday.
Elsewhere, the pound weakened after a testy exchange between Bank of England Governor Mark Carney and euroskeptics in the U.K. Parliament. The British currency GBPUSD, -0.2040% traded at $1.4215 Tuesday, compared with $1.4262.
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