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Urgent: Oil prices retreat amid ample supplies

Xinhua, July 14, 2015 Adjust font size:

Oil prices fell Monday as the crude supply of the Organization of the Petroleum Exporting Countries rose to a three-year high.

The West Texas Intermediate for August delivery moved down 54 cents to settle at 52.2 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery decreased 88 cents to close at 57.85 dollars a barrel on the London ICE Future Exchange. Endite