The price of oil on world commodity exchanges was falling Thursday morning on reports were filed which noted lower production in China over the past quarter.
The price of a May futures contract for WTI light sweet crude in electronic trading on Nymex was down 77 cents to $106.50 a barrel by 8:22 Moscow time. The price of a May futures contract for North Sea Brent blend was off 51 cents to $123.69 in London.
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Source: http://www.oilandgaseurasia.com/news/p/0/news/14540/
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