Off the wire
• Economic climate in euro area clouds slightly in 3rd quarter: Ifo  • Roundup: Nearly 400 rescued in new migrant disaster off Libya  • S. African president defends inaction to arrest Sudan leader al-Bashir  • Mongolian parliament dismisses six ministers  • Roundup: NATO pays more attention to Baltic security: Lithuanian President  • AU, Somali forces capture villages from Al-Shabaab in Somalia  • ECB foreign exchange rates of Euro to other currencies  • 1st LD: 5 killed, 3 injured in U.S. drone strike in NW Pakistan  • South Sudan peace talk begins in Addis Ababa  • Roundup: British central bank keeps interest rate on hold  
You are here: 　 Home

Urgent: Oil prices drop amid supply glut worries

Xinhua, August 7, 2015 Adjust font size:

Oil prices fell Thursday as traders worried that global supply might exceed the demand.

The West Texas Intermediate for September delivery moved down 49 cents to settle at 44.66 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 7 cents to close at 49.52 dollars a barrel on the London ICE Future Exchange. Endite