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Oil prices plunge on rising U.S. stockpile

  • SOURCE: | Editor
  • poil gha

    Oil prices plunged after data showed U.S. stockpile rose for the 9th consecutive week.

    The West Texas Intermediate for April Delivery erased 2.86 U.S. dollars to settle at 50.28 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery decreased 2.81 dollars to close at 53.11 dollars a barrel on the London ICE Futures Exchange.

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