Off the wire
• Jetman Rossy performs first dual human flight in Dubai with partner  • Roundup: Eurogroup meeting ends with no deal on Greek debt deal  • Kiplangat targets Farah in Doha  • Spanish stock market up 0.18 pct  • Flu causes mortality peak in Switzerland at start of 2015  • Int'l Festival of Ethnographic Films kicks off in Bulgaria  • Roundup: Lithuania opts for administrative-territorial reform  • Dozens killed as violent tribal clashes erupt in Sudan's east Darfur, UN voices concerns  • Latvia faces fiscal consolidation in 2016: ministry  • Feature: Unforgettable memories of Chinese-Jewish solidarity during WWII  
You are here: 　 Home

Urgent: Oil prices retreat amid supply glut worries

Xinhua, May 12, 2015 Adjust font size:

Oil prices lost Monday as worries persisted that global supply would continue to surpass demand in the near future.

Light, sweet crude for June delivery moved down 14 cents to settle at 59.25 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery lost 48 cents to close at 64.91 dollars a barrel. Endite