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Urgent: Oil prices plunge amid ample supplies

Xinhua, August 1, 2015 Adjust font size:

Oil prices dived Friday as traders worried that global supplies exceed the demand.

The West Texas Intermediate for September delivery moved down 1. 4 U.S. dollars to settle at 47.12 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 1.1 dollars to close at 52.21 dollars a barrel on the London ICE Future Exchange. Endite