Crude oil prices fell by about $1 on Thursday following the announcement that al-Qaeda leader in Iraq Abu Musab al-Zarqaw had been killed in a joint US and Iraqi military raid north of Baghdad.
IPE Brent for July delivery fell 81 cents to $68.38 a barrel in early morning London trade, its lowest level for almost three weeks and bringing losses for the week to date to almost four per cent.
July West Texas Intermediate dropped 90 cents to $69.92 a barrel in electronic trade, extending the $1.68 slide from the previous session and is now at its lowest level in two weeks.
The slide in the current session follows bearish US inventory data from Wednesday, which showed a further rise in US crude and petroleum product stockpiles.
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