April 7, 2011 1:21 PM

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World oil prices fall

World oil prices fell in Asian trade today as investors continued to lock in profits from recent gains and Libyan rebels exported the country's first crude shipment from a region that they control. New York's main contract, light sweet crude pulled back 39 cents to 108.44 dollar per barrel after crossing 109 dollar for the first time in two-and-a-half years. Brent North Sea crude dipped 51 cents to 121.79 dollar after touching 123.37 dollar a barrel.

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