Urgent: Oil prices drop on supply glut worries
Xinhua, June 9, 2015 Adjust font size:
Oil prices lost Monday after the Organization of Petroleum Exporting Countries (OPEC) left its output ceiling unchanged.
Light, sweet crude for July delivery moved down 99 cents to settle at 58.14 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 62 cents to close at 62.69 dollars a barrel. Endite