Oil prices down more than a dollar

Crude oil prices plunged more than 1 dollar a barrel today as tensions eased in the stand-off between Britain and Iran over captive British military personnel.

Tue, 03 Apr, 2007 - 18:02

Crude oil prices plunged more than 1 dollar a barrel today as tensions eased in the stand-off between Britain and Iran over captive British military personnel.

Prices had risen steadily since 15 British sailors and marines were detained March 23 by Iran for allegedly entering Iranian waters.

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