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International crude oil prices fell on Monday as traders took profits after the recent price increases.
May delivery of benchmark crude oil fell 36 cents to $96.87 a barrel in Bangkok at noon time in electronic trading on the New York mercantile exchange. On Thursday, the contract rose 65 cents, closing at $97.23 a barrel. Markets closed Friday holiday.
Oil rose more than $4 in the past few trading days, due to the indication of the strength of the U.S. economy. Price is higher the enthusiasm of investors cashed out
"Oil prices back to this morning is mainly due to profit-taking, price is higher last week on the basis of the stock market is strong, a weaker dollar, said:" energy analyst victor deep Purvin&Gertz company in Singapore,.
In the New York mercantile exchange other energy futures trading:
- wholesale gasoline fell 0.4 cents to $3.106 a gallon.
Heating oil futures fell 0.7% to $3.04 a gallon.
- natural gas fell 3.4 cents, to $3.99 m cubic feet.