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Urgent: Oil prices plunge amid supply worries

Xinhua, December 29, 2015 Adjust font size:

Oil prices declined Monday as market worried that global supplies exceed the demand.

The West Texas Intermediate for February delivery moved down 1.29 U.S. dollars to settle at 36.81 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased 1.27 dollars to close at 36.62 dollars a barrel on the London ICE Futures Exchange. Endit