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Urgent: U.S. oil price retreats amid supply glut worries

Xinhua, June 27, 2015 Adjust font size:

Oil prices lost Friday as worries persisted that global supply would surpass demand.

The U.S. benchmark, the West Texas Intermediate for August delivery moved down 7 cents to settle at 59.63 U.S. dollars a barrel on the New York Mercantile Exchange. Endite