| Oil falls on inventories increase, factory orders declines |
| Last Updated(Beijing Time):2012-05-03 03:19 |
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Crude prices fell on Wednesday as U.S. crude inventories rose steeply last week and U.S. factory orders declined in March.
Light, sweet crude for June delivery fell 94 cents, or 0.89 percent to settle at 105.22 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for June delivery also fell and last traded below 118 dollars a barrel. |
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