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Crude prices retreat from record high

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Publishing Date: 2008-5-6 9:08:29

NEW YORK, April 10 (Xinhua) -- Crude oil futures retreated from record high Thursday as the dollar strengthened and profit taking.

Light, sweet crude for May delivery dropped 76 U.S. cents to 110.11 dollars a barrel in the New York Mercantile Exchange.

In London, May Brent crude fell 27 cents to settle at 108.20 dollars a barrel on the ICE Futures Exchange.

Crude futures set record high Wednesday after U.S. government reported lower-than-expected inventories.

On Thursday, May gasoline futures rose 1.79 cents to 2.7921 dollars a gallon while heating oil futures fell 4.05 cents to settle at 3.194 a gallon.