Oil prices fell in Asian trade today after nearing $82 as sentiment was dampened by a private report showing weaker US energy demand, analysts said.
New York's main contract, light sweet crude for May delivery, dropped 67 cents to $81.24 a barrel. Brent North Sea crude for May was down 55 cents to $ 80.15.
The American Petroleum Institute, an industry group, said late Tuesday crude stocks in the country, the world's largest energy consumer, rose by 7.5 million barrels for the week ended March 19.
Oil prices had advanced near $ 82 a barrel yesterday lifted by gains in the US stock markets after a report from the National Association of Realtors showed existing-home sales fell lesser than expected in February.
Source BloombergUTV
Lable Oil price,Commodity price
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