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Global oil price slides before long weekend

The world oil market dipped Friday after rallying on the back of the first drop in US stockpiles for six months as well as a weaker dollar.

Brent North Sea crude for June delivery lost 42 cents to stand at $66.36 a barrel in London. US benchmark West Texas Intermediate for delivery in June shed 11 cents to $59.52 a barrel. However, trading was quiet with most Asian markets closed for public holidays, and many European players also away for a long May Day weekend.

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