Crude prices trade lowerCrude prices traded lower Friday after reaching a six-month closing high the previous session. Light, sweet crude futures for May delivery declined 8 cents to 65.95 a barrel on the New York Mercantile Exchange. Brent crude for May delivery jumped 66 cents to 68.54 dollars a barrel on London's ICE Futures exchange. Crude prices surged on Iranian tensions as the country Iran detained 15 British soldiers last week. Crude May delivery rose 1.95 dollars, or 3 percent, to 66.03 dollars a barrel on Thursday, the highest closing since Sept. 8. Source: Xinhua |
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