Crude drops to US$42.33

13-Mar-09
Oil prices dropped by over 7% on rising inventories in USA and doubts about OPEC’s decision to cut production further. Benchmark crude for April delivery fell by over three dollars to $42.33 a barrel in New York. Crude supplies climbed unexpectedly by 700,000 barrels last week, against an expected drop of 1 mln barrels.
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