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Urgent: Brent oil price hits 11-year low amid supply worries

Xinhua, December 22, 2015 Adjust font size:

Brent oil price hit 11-year low Monday as market worried that global supplies exceeded the demand.

The West Texas Intermediate for January delivery moved up 1 cent to settle at 34.73 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 53 cents to close at 36.35 dollars a barrel on the London ICE Futures Exchange. Enditem