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10:15 25 April
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Oil price goes down


Oil prices have fallen in world markets.

 

WTI crude oil on the New York Mercantile Exchange (NYMEX) fell by $0.07 or 85% to $52.73 per barrel.

 

On London's ICE, Brent fell by $0.3 or 0.79%, to $55.45

 

The price fall has resulted from the number of US drilling wells increasing steadily for the last 13 weeks.

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