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Urgent: Oil prices extend loss amid ample supplies

Xinhua, February 6, 2016 Adjust font size:

Oil prices continued to retreat Friday as market expected the global supplies to exceed the demand.

The West Texas Intermediate for March delivery moved down 83 cents to settle at 30.89 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 40 cents to close at 34.06 dollars a barrel on the London ICE Futures Exchange. Endit