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Urgent: Oil prices retreat on profit-taking

Xinhua, February 2, 2016 Adjust font size:

Oil prices erased last week's gain on Monday as traders took the profit.

The West Texas Intermediate for March delivery moved down 2 U.S. dollars to settle at 31.62 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 1.75 dollars to close at 34.24 dollars a barrel on the London ICE Futures Exchange. Enditem