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Urgent: Oil prices retreat on profit-taking

Xinhua, March 19, 2016 Adjust font size:

Oil prices dropped Friday on profit-taking after two days of rally.

The West Texas Intermediate for April delivery moved down 76 U.S. cents to settle at 39.44 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery decreased 34 cents to close at 41.2 dollars a barrel on the London ICE Futures Exchange. Enditem