http://news.bbc.co.uk/1/hi/business/3727009.stmOil prices have fallen back from recent record highs, with a barrel of US light crude losing a dollar on Tuesday.
It finished down by $1.01, to $40.54 a barrel, on signs that oil producers' cartel Opec will vote to increase production when it meets on June 3.
In London, Brent crude fell by 96 cents to $36.95, as the United Arab Emirates (UAE) said it was ready to boost crude output if Opec agreed.
Yet analysts said US light was unlikely to go below $40 a barrel for some time.
They said the current sky-high demand for oil would take some time to turn slow down and questioned Opec's ability to increase production further
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Crude was briefly trading under $40 in after hours trading, but has since rebounded a bit.