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Urgent: Oil prices plunge as Wall Street cuts price forecast

Xinhua, January 13, 2015 Adjust font size:

Oil prices plummeted on Monday as investment banks including Goldman Sachs Group cut their price forecasts.

Light, sweet crude for February delivery lost 2.65 U.S. dollars to settle at 46.07 U.S. dollars a barrel on the New York Mercantile Exchange. Endite