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Urgent: Crude prices drop on ample supplies

Xinhua, December 9, 2015 Adjust font size:

Oil prices fell Tuesday as market expected that global supplies will continue to exceed demand.

The West Texas Intermediate for January delivery moved down 14 U.S. cents to settle at 37.51 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery decreased 47 cents to close at 40.26 dollars a barrel on the London ICE Futures Exchange. Endit