Baku. Vahab Rzayev – APA-ECONOMICS. Oil prices fell Monday as investors booked some profits after a seven-day surge. Prices were also under pressure from concerns about the global economic recovery and a stronger U.S. dollar.
Benchmark West Texas Intermediate crude fell by $1.21 to end the day at US$108.56 a barrel in New York. Brent crude, which is used to price oil imported by U.S. refineries, lost $1.30 to finish at US$124.17 a barrel in London.
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