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Urgent: Oil prices fall amid surplus supplies

Xinhua, June 13, 2015 Adjust font size:

Oil prices lost Friday as crude output from Organization of Petroleum Exporting Countries reached the highest level in almost 3 years.

Light, sweet crude for July delivery moved down 81 cents to settle at 59.96 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 1.24 dollars to close at 63.87 dollars a barrel. Endite