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Oil prices decline following Iran's release of British sailors

Oil prices fell Monday following last week's release of British sailors detained by Iran, but concerns over the tight U.S. demand-supply balance and other geopolitical issues supported prices, according to the Associated Press. Volume was light with much of Europe celebrating an extended Easter holiday.
Light, sweet crude for May delivery fell 44 cents to $63.84 a barrel in electronic trading on the New York Mercantile Exchange at midday in Europe.

Posted by   at 10:36 AM to Oil | Permalink

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