Oil Falls to $126.98 per barrel.
Crude prices fall as US data confirms rising inventories
By Agence France Presse (AFP)
The price of oil fell Wednesday as traders digested rising US crude inventories and as profit-taking set in one day after striking a record high point $126.98 per barrel. New York’s main oil futures contract, light sweet crude for June delivery, slid $1.06 to $124.74 per barrel. London’s Brent crude contract for June, meanwhile, dropped $1.81 to $122.29.
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