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Urgent: Oil prices plunge ahead of OPEC meeting

Xinhua, June 5, 2015 Adjust font size:

Oil prices dived Thursday amid no signs that the Organization of Petroleum Exporting Countries (OPEC) would cut output quota at Friday's meeting.

Light, sweet crude for July delivery moved down 1.64 U.S. dollars to settle at 58 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 1.77 dollars to close at 62.03 dollars a barrel. Endite