MARKET WATCH: NYMEX oil prices fall ahead of inventory report, Easter holiday

Light, sweet crude oil prices fell slightly on the New York market Mar. 22 with the May contract closing at $41.45/bbl, down 7¢. The May contract is the new front-month contract as of the Mar. 21 closing. The Mar. 22 settlement marked the highest oil front-month closing price on the New York market since Dec. 1, 2015. But traders and analysts refused to read much into that, saying it’s a quiet trading week ahead of the Easter holiday weekend.

Source: News