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Urgent: Oil prices drop amid supply glut

Xinhua, February 3, 2016 Adjust font size:

Oil prices continued to fall Tuesday as Russia crude output reached a record high.

The West Texas Intermediate for March delivery moved down 1.74 U.S. dollars to settle at 29.88 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 1.52 dollars to close at 32.72 dollars a barrel on the London ICE Futures Exchange. Enditem