NEW YORK, May 17 (Xinhua) -- Oil prices fell on Tuesday as the United States moved to ease some sanctions against Venezuela.
The West Texas Intermediate for June delivery lost 1.8 U.S. dollars, or 1.6 percent, to settle at 112.40 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery decreased 2.31 dollars, or 2 percent, to close at 111.93 dollars a barrel on the London ICE Futures Exchange.
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