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Urgent: Oil prices plunge on worries about weak demand

Xinhua, May 8, 2015 Adjust font size:

Oil prices plummeted Thursday as concerns persisted that demand is not strong enough to ease the supply glut.

Light, sweet crude for June delivery moved down 1.99 U.S. dollars to settle at 58.94 dollars a barrel on the New York Mercantile Exchange. In London, Brent North Sea crude for June delivery, the global benchmark, lost 2.23 dollars to close at 65. 54 dollars a barrel. Endite