April 17, 2007	Tuesday	Rabi-ul-Awwal 28, 1428

LONDON, April 16: Crude prices fell in London on Monday due to profit-taking, reversing gains won earlier on concerns over tight supplies of motor fuel reserves in the US, traders said.

Stockpiles of gasoline or petrol are in focus ahead of the peak-demand driving season, starting at the end of May, when many Americans take to their cars for summer vacations.

The price of Brent North Sea crude for June delivery dropped 93 cents to $67.70 per barrel in London electronic deals.

Prices fell on “a little bit of profit taking,” BNP Paribas analyst Harry Tchilinguirian said.

New York’s main oil futures contract, light sweet crude for delivery in May, lost one cent to $63.62 per barrel.—AFP