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Urgent: Oil prices plunge amid ample supplies

Xinhua, November 12, 2015 Adjust font size:

Oil prices fell Wednesday as market expected the global supplies to exceed the demand.

The West Texas Intermediate for December delivery moved down 1.28 U.S. dollars to settle at 42.93 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery decreased 1.63 dollars to close at 45.81 dollars a barrel on the London ICE Futures Exchange. Endite