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Urgent: Oil prices drop amid ample supplies

Xinhua, December 19, 2015 Adjust font size:

Oil price continued to fall Friday as data signaled that U.S. crude output is not contracting.

The West Texas Intermediate for January delivery moved down 22 cents to settle at 34.73 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 18 cents to close at 36.88 dollars a barrel on the London ICE Futures Exchange. Endit