Oil prices fell on Thursday because traders focused on buildups in inventory at Oklahoma oil terminal. Light sweet crude for May fell by US$1.30. The June contract also fell by US$1.06 to settle at US$ 63.32 a barrel.
Brent crude for June fell by 10 cents to settle at $65.94 a barrel on the ICE Futures exchange in London. Oil markets were also focused on reports that a major Nigerian oil field could come back online by the end of May. This too contributed to fall in prices
20-Apr-07 
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