## Corpus: REUTERS

### id: 127

Diamond Shamrock Corp said that effective today it had cut its contract prices for crude oil by 1.50 dlrs a barrel The reduction brings its posted price for West Texas Intermediate to 16.00 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 U.S oil companies that have cut its contract or posted prices over the last two days citing weak oil markets Reuter