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Crude oil futures fall at beginning of week

21-May-13

Crude oil for June delivery fell to US$95.8 in electronic trade during Asian hours. At the end of the previous week, oil rose by over 8- cents to end at US$96 a barrel on the Nymex after preliminary consumer-sentiment data in May rose to its highest level in nearly six years. Also, numbers from USA indicate that the U.S. economy is still expanding. Brent crude oil for July delivery dipped to US$104.60 a barrel.

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