Off the wire
• Spain's consumer confidence rises by 1.3 points in May  • Ireland's exchequer returns ahead of target in May  • Urgent: Gold lower on Greece optimism, strong U.S. dollar  • Number of displaced inside Yemen tops 1 million: UN relief wing  • Inter-Libyan peace dialogue resumes in Algeria  • Ebola sequencing data released to global scientific community  • U.S. private sector adds 201,000 jobs in May  • Dubai moves higher in global city visitors ranking  • Austrian steel giant voestalpine invests record 1.18 bln euros in 2014-2015  • Jordan says US-led coalition making progress against IS  
You are here: 　 Home

Urgent: Oil prices plunge on supply glut worries

Xinhua, June 4, 2015 Adjust font size:

Oil prices plummeted Wednesday as there is no sign that the Organization of the Petroleum Exporting Countries (OPEC) will cut output quota at Friday's meeting.

Light, sweet crude for July delivery moved down 1.62 U.S. dollars to settle at 59.64 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 1.69 dollars to close at 63.8 dollars a barrel. Endite