Crude oil prices take a breather after hitting 2016 highs

Crude oil prices take a breather after hitting 2016 highsCrude futures pulled back from 2016 highs early on Thursday as traders locked in profits after April’s sharp rally, but analysts said falling U.S. production and strong investor appetite could push prices higher soon. International Brent crude futures were trading at $ 46.92 per barrel at 0521 GMT, down 26 cents from their last settlement. U.S. West Texas Intermediate (WTI) futures were down 26 cents at $ 45.07 a barrel.

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