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Urgent: Oil prices drop amid ample supplies

Xinhua, July 21, 2015 Adjust font size:

Oil prices fell Monday as traders worried that more Iran crude would come to the already well- supplied oil market.

The West Texas Intermediate for August delivery moved down 74 cents to settle at 50.15 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 45 cents to close at 56.65 dollars a barrel on the London ICE Future Exchange. Endite