FXStreet (Guatemala) - Analysts at ANZ noted the events in the oil price overnight. Key Quotes: "Crude oil prices fell sharply. The oil price rally faltered on signs of slowing industrial activity in the world’s biggest energy consumer." "China’s purchasing managers index dropped in January to a three-year low." "Rising supply also suggests further downside risk to short-term prices." "Output from OPEC rose to 33.1m bbl/day last month as Indonesia’s membership to the group was reactivated. On the corporate side, credit rating agency S&P has cut ratings for oil majors like Shell and five others." For more information, read our latest forex news.