Crude oil slips over 10% for March quarter


(MENAFN- ProactiveInvestors)

U.S. crude oil futures fell again overnight to tally losses for the month and the quarter.

The potential for a deal between Western powers and Iran and the possible easing of sanctions that may follow kept pressure on prices for the session.

West Texas Intermediate for May delivery settled down 2.2% to US$47.60 a barrel on the New York Mercantile Exchange.

For the month prices fell 4.3% and for the quarter were down 10.6%.

 

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