| Oil tumbles on 9-month high inventories |
| Last Updated(Beijing Time):2012-04-05 07:48 |
|
|
Crude prices tumbled on Wednesday as U.S. crude inventories surged and hit 9-month high last week.
Light, sweet crude for May delivery slipped 2.54 dollars, or 2. 44 percent to settle at 101.47 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for May delivery also fell sharply and last traded around 122 dollars a barrel. |
|
|
|
|
