New York's main oil futures contract, light sweet crude for delivery in June, dipped marginally to US$53.65, while Brent North Sea dipped to US$53.93.
Oil prices declined in Asia prior to release of report in USA expected to show a rise in oil inventories in the United States as this indicates weak energy demand.
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Wednesday, May 06, 2009
Oil prices dip in Asia prior to report expected to show rising oil stocks in USA
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