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Oil below $102
Saudi Press Agency Published in Saudi Press Agency on 10 - 03 - 2014

The price of oil fell below $102 on Monday after a surprise drop in China's exports and weaker economic growth in Japan suggested demand for crude could weaken, AP reported.
Benchmark U.S. crude for April delivery was down $1.18 to $101.40 per barrel at 0810 GMT in electronic trading on the New York Mercantile Exchange. On Friday, the contract rose $1.02 to close at $102.58 after strong U.S. employment figures for February. Brent crude, used to set prices for international varieties of crude, was down 90 cents to $108.11.
Oil prices surged last week due to severe winter in the U.S. that raised demand for hitting oil and tension over Russia's military incursion into Ukraine's Crimean peninsula.

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