Oil prices fall

Oil prices fall
# 08 April 2014 08:24 (UTC +04:00)

Baku – APA-Economics. Oil prices fell below $101 a barrel Monday following reports that four Libyan oil terminals under militia control could soon open and possibly boost global supplies, Reuters reported.

Benchmark U.S. crude oil for May delivery slipped 70 cents to $100.44 a barrel on the New York Mercantile Exchange. The price has vacillated around $100 a barrel for most of the past month.

Brent crude, used to set prices for international varieties of oil, dropped 90 cents to $105.82 a barrel on the ICE Futures exchange in London.

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