Crude oil fell for a third successive day on expectations that inventories will continue rising for the eighth week as imports and output from OPEC rise. U.S. crude stockpiles are at their highest level since July 2002, are estimated to record an increase of 2.5 million barrels last week. Will rising inventories ease the current price frenzy?
Crude for May delivery fell to US$55.60 a barrel. Brent crude for May settlement fell to US$55.20 on London's International Petroleum Exchange.
07-Apr-05 
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