Friday, April 09, 2010

Oil prices fall from 18 month highs

New York's main contract, light sweet crude for delivery in May, dipped by almost a dollar to $US85.8, while London's Brent North Sea crude settled at $US85.7. Oil prices fell from 18 month high levells on release of data that showed a rise in US crude inventories, suggesting weaker demand in USA.

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