Oil price down $1.60, to $85.99 in London, in New York to $83.24 (-2.27)

As of April 16th, the IPE Brent Crude futures contract dropped by $1.60 to $85.99 a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude was down to $83.24 (- $2.27) on the New York Mercantile Exchange.