Crude oil for May delivery dropped

[gnutrade.satya]

Investors were concerned about rising US crude stock piles and this took the Oil prices to edge down. Effect of high oil prices will have impact on economic recovery. Tim Evans, energy analyst at Citi Futures Perspective in New York, in a written note said: "The petroleum markets are coming under selling pressure. Ten weeks of rising DOE (U.S.) crude stocks are part of the story here, with expectations for a further build in the week ended April 9."
Crude oil for May delivery dropped to $82.51 a barrel on the New York Mercantile Exchange.