Off the wire
• Study shows 95 pct of U.S. elected prosecutors are whites  • 1st LD: Obama defends Iran nuclear deal, calling it best alternative to avoid more war in Middle East  • Spanish stock market rises 0.69 pct  • Chinese filmmaker Jia Zhangke named to lead Toronto film festival's inaugural jury  • Greek anti-austerity protests ahead of debt deal vote turn violent  • India denies Pakistan shoots down spy drone in Kashmir  • China's newspaper publishing keeps downward trend  • 1st LD Writethru: Gold down on Fed Chair Yellen's testimony in Congress  • 1st LD-Writethru: Exclusive attractions unveiled for Shanghai Disney Resort  • Kerry briefs GCC foreign ministers of Iran's nuclear deal  
You are here: 　 Home

Urgent: Oil prices drop amid ample supplies

Xinhua, July 16, 2015 Adjust font size:

Oil prices plunged Wednesday as the government report showed U.S. crude production increased last week.

The West Texas Intermediate for August delivery moved down 1.63 U.S. dollars to settle at 51.41 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery decreased 1.46 dollars to close at 57.05 dollars a barrel on the London ICE Future Exchange. Endite