World News: 16:55 GMT Thursday 30th May 2019. [Oil and Gas Journal General News via SPi World News]
Light, sweet oil for July dropped to settle under $59/bbl on the New York market May 29 while Brent prices dropped to below $70/bbl for the July delivery contract, but the benchmarks did not plummet by more than $3/bbl as they did a few days earlier on geopolitical concerns.
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