Wednesday, April 04, 2012

Oil prices dip


Oil prices dropped Tuesday after traders appeared disappointed by the US Central Bank's neutral stance on fresh stimulus and booked profits following a strong start to the week.
New York's main contract West Texas intermediate crude for delivery in May shed $1.22 to close at $104.01 a barrel.

Meanwhile Brent North sea crude for May fell 57 cents to settle at $124.86 in London trade

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