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Urgent: Oil prices retreat from surge

Xinhua, January 26, 2016 Adjust font size:

Oil prices fell Monday after a rally in last week as the supply glut continued to weigh on the market.

The West Texas Intermediate for March delivery moved down 1.85 U.S. dollars to settle at 30.34 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 1.68 dollars to close at 30.5 dollars a barrel on the London ICE Futures Exchange. Enditem