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April 3, 2003
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Thursday
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Muharram 30, 1424
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Oil prices slide
LONDON, April 2: Oil prices slid further on Wednesday as US troops launched a major push near Baghdad, despite the stated reluctance of oil majors in unrest-stricken Nigeria to resume stalled production.
The price of reference Brent North Sea crude oil for May delivery dropped $1.16 per barrel to $25.20.
And New York light sweet crude oil for May delivery slid 85 cents to $28.13 in early trading.
The price falls came despite oil majors in Nigeria saying they were unwilling to resume production in the country’s strife-wracked Niger Delta region, despite the cancellation of a planned labour strike.—AFP
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