Oil prices fell for the fourth straight day on Thursday, dipping below $72 a barrel after China sought to cool its economic growth by raising a key interest rate and the World Bank resolved a dispute with Chad, which had threatened to shut off an oil pipeline.
Light sweet crude for June delivery fell 53 cents to $71.40 a barrel in early trading on the New York Mercantile Exchange. Brent crude for June delivery on London’s ICE Futures slumped to $71.28 a barrel, down 81 cents.
