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Urgent: Oil prices go down as U.S. production increases

Xinhua, May 14, 2015 Adjust font size:

Oil prices dropped Wednesday as U. S. crude production rose last week.

Light, sweet crude for June delivery lost 25 cents to settle at 60.5 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved down 5 cents to close at 66.81 dollars a barrel. Endite