WTI drops amid levy by Cyprus on savings

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Source: Bloomberg

West Texas Intermediate oil declined on Monday falling from its highest level in three weeks after the Eurozone's finance ministers decided to raise 5.8 billion euros by putting a levy on Cyprus bank savings, which brought worries about recovery in Europe. April WTI oil futures decreased $1.31 to $92.14 a barrel on the NYME after climbing to $93.45 on March 15, its highest close price since February 20.


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Mon, 18 Mar 2013 08:40:10 GMT

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