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Urgent: Oil prices extend drops amid ample supplies

Xinhua, December 18, 2015 Adjust font size:

Oil prices continued to fall Thursday as global supplies exceed the demand.

The West Texas Intermediate for January delivery moved down 57 cents to settle at 34.95 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery decreased 13 cents to close at 37.06 dollars a barrel on the London ICE Futures Exchange. Enditem