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Urgent: Oil prices plunge as U.S. inventories gain unexpectedly

Xinhua, July 2, 2015 Adjust font size:

Oil price plummeted Wednesday after government data showed that U.S. inventories rose unexpectedly last week.

The U.S. benchmark, West Texas Intermediate for August delivery moved down 2.51 U.S. dollars to settle at 56.96 U.S. dollars a barrel on the New York Mercantile Exchange. The global benchmark, Brent crude for August delivery decreased 1.58 dollars to close at 62.01 dollars a barrel on the London ICE Future Exchange. Endite