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.