
Prices also headed lower as the turmoil in Yemen looked unlikely to disrupt oil transport in the region.
Crude for delivery in May CLK5, -1.25% fell 19 cents, or 0.4%, to close at $48.68 a barrel on the New York Mercantile Exchange. May Brent crude LCOK5, -0.76% on London’s ICE Futures exchange fell 12 cents to $56.29 a barrel.
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