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LONDON, March 30: World oil prices fell sharply on Wednesday as US stocks data showed a strong rise in crude inventories to a level last seen in July 2002, easing supply concerns, dealers said. New York’s main contract, light sweet crude for delivery in May, plummeted $1.43 to $52.80 per barrel in early deals, the lowest level since March 2. In London, the price of Brent North Sea crude oil for delivery in May tumbled $1.23 to $51.80 per barrel, its lowest since March 8.—AFP
