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Urgent: Oil prices drop amid ample supplies

Xinhua, July 28, 2015 Adjust font size:

Oil prices fell Monday as traders worried that more Iran crude would come to the market.

The West Texas Intermediate for September delivery moved down 75 cents to settle at 47.39 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 1.15 dollars to close at 53.47 dollars a barrel on the London ICE Future Exchange. Endite