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Urgent: Oil prices drop amid supply glut worries

Xinhua, August 18, 2015 Adjust font size:

Oil prices fell Monday as traders worried that global supplies exceed the demand.

The West Texas Intermediate for September delivery moved down 63 cents to settle at 41.87 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery decreased 45 cents to close at 48.74 dollars a barrel on the London ICE Future Exchange. Endite