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Urgent: Oil prices fall as U.S. dollar strengthens

Xinhua, May 27, 2015 Adjust font size:

Oil prices dropped Tuesday as a stronger U.S. dollar weighed on the crude market.

Light, sweet crude for July delivery lost 1.69 U.S. dollars to settle at 58.03 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery moved down 1.8 dollars to close at 63.72 dollars a barrel. Endite