World Oil Prices Decline on Growing U.S. Inventory

March 28, 2012
The price of oil on world commodity exchanges was falling Wednesday morning as inventory in the U.S accrued.

The price of a May futures contract for WTI light sweet crude in electronic trading on Nymex was down 62 cents to $106.71 a barrel by 8:15 Moscow time. The price of a May futures contract for North Sea Brent blend was off 66 cents to $124.88 in London.

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