Oil Falls for a Second Day in New York Trading; Brent Declines

Oil for May delivery fell as much as 43 cents, or 0.4 percent, to $102.03 a barrel in electronic trading on the New York Mercantile Exchange and was at $102.21 at 3:07 p.m. Singapore time. The contract yesterday declined 85 cents to $102.46, the lowest close since April 4.

Brent oil for May settlement fell 34 cents to $122.33 a barrel on the London-based ICE Futures Europe exchange.

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