Crude oil dips below US$66

30-Mar-06
Crude-oil futures fell below US$66 a barrel as traders took profits after yesterday's price surge triggered by supply concerns, and the market awaits U.S. oil inventory data expected to show an increase in crude oil inventories and a decrease in gasoline and distillate inventories declined. Light, sweet crude for May delivery dropped to US$65.72 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe and May Brent crude on London's ICE Futures exchange fell to US$64.82 a barrel.
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