• Urgent: Gold down on stronger dollar • German benchmark DAX index hits new record high • ECB foreign exchange rates of euro to other currencies • U.S. to support new entrepreneurs in Tunisia: Obama • U.S. factory orders continues to fall in January • Iran says nuke deal possible if sanctions lifted "all at once" • Roundup: Biggest Mobile World Congress in history closes doors • LME base metals prices firmer on Thursday • Update: Israel to import Gaza agricultural products first time in 7 years • Ukraine's pessimistic scenario sees GDP contraction in 2015 at 11.9 pct

You are here: 　 Home

Urgent: Oil prices drop amid supply glut

Xinhua, March 6, 2015 Adjust font size:

Crude prices decreased Thursday as traders believed the global supply exceeded demand.

Light, sweet crude for April delivery lost 77 cents to settle at 50.76 U.S. dollars a barrel on the New York Mercantile Exchange. Endite