WTI oil falls after German data and Cyprus plan stimulate Europe concern

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Source: Bloomberg
WTI plunged after its biggest two-week gain as German manufacturing shrunk unexpectedly and Cyprus's president developed a new plan of securing a financial bailout from the Eurozone. WTI for May settlement dropped 71 cents to $92.79 a barrel and the volume of contracts traded was 38% lower than the 100-day average. In addition, Brent for May delivery slid to $108.41 a barrel, down 31 cents. 

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