Oil prices drop amid demand concerns


NEW YORK, April 11 (Xinhua) -- Oil prices fell on Monday, pressured by renewed concerns over energy demand.

The West Texas Intermediate (WTI) for May delivery lost 3.97 U.S. dollars, or 4 percent, to settle at 94.29 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 4.3 dollars, or 4.2 percent, to close at 102.78 dollars a barrel on the London ICE Futures Exchange.

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