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Urgent: Oil prices drops as IEA forecasts weak recovery

Xinhua, February 11, 2015 Adjust font size:

Oil prices slipped on Tuesday as the International Energy Agency predicted that the oil prices would rebound only partially in the next five years.

Light, sweet crude for March delivery lost 2.84 U.S. dollars to settle at 50.02 dollars a barrel on the New York Mercantile Exchange. Endite