Oil dropped from the highest close in 29 months in electronic trading on the New York Mercantile Exchange. April futures fell 67 cents to $101.56 a barrel at 1:57 p.m. in Singapore. The contract earlier rose as much as 71 cents to $102.94 a barrel.
To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net
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