Amadeusz Juskowiak

Diamond shamrock dia cuts crude prices

Diamond Shamrock Corp said that effective today it had cut its contract prices for crude oil by 150 dlrs a barrel

The reduction brings its posted price for West Texas Intermediate to 1600 dlrs a barrel the copany said

The price reduction today was made in the light of falling oil product prices and a weak crude oil market a company spokeswoman said

Diamond is the latest in a line of US oil companies that have cut its contract or posted prices over the last two days citing weak oil markets