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Urgent: Oil prices drop as U.S. dollar rebounds

Xinhua, May 19, 2015 Adjust font size:

Oil prices declined Monday as U.S. dollar appreciated against other currencies. A stronger greenback made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.

Light, sweet crude for June delivery lost 26 cents to settle at 59.43 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery moved down 54 cents to close at 66.27 dollars a barrel. Endite