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Oil prices advanced on Monday.
The West Texas Intermediate for March delivery gained 81 cents, or 1.27 percent, to settle at 64.36 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery went up 99 cents, or 1.45 percent, to settle at 69.04 U.S. dollars a barrel on the London ICE Futures Exchange.
Crude futures settle higher
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 65 pips to 6.9458 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan strengthens to 6.9458 against USD Tuesday
