Agence France-PresseMay 13, 2013 06:30
Global oil prices recoiled on Friday on profit-taking and as the dollar surged to a four-year high point against the yen, dealers said.
Markets are awaiting the US federal budget figures for April, a speech from Federal Reserve chief Ben Bernanke, and a two-day Group of Seven finance meeting in Britain.
Brent North Sea crude for delivery in June sank $1.42 cents to $103.05 per barrel in London afternoon deals.
New York's main contract, West Texas Intermediate (WTI) or light sweet crude for June, shed $1.55 cents to $94.84 a barrel.