Oil prices drop below $124 a barrel

ibtimes.com     May 13, 2008            

Oil has dropped below US$124 a barrel in Asia on profit-taking after hitting another trading record in the previous session. By midday Tuesday in Singapore, light, sweet crude for June delivery had fallen 70 cents to US$123.53 a barrel in electronic trading on the New York Mercantile Exchange. [read full story]                    


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