Sunday, March 25, 2012

World Oil Prices Decline on Lower Chinese Production

The price of oil on world commodity exchanges was falling Thursday morning on reports were filed which noted lower production in China over the past quarter.

The price of a May futures contract for WTI light sweet crude in electronic trading on Nymex was down 77 cents to $106.50 a barrel by 8:22 Moscow time. The price of a May futures contract for North Sea Brent blend was off 51 cents to $123.69 in London.

Copyright 2012, Golos Rossii. All rights reserved.

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Source: http://www.oilandgaseurasia.com/news/p/0/news/14540/

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