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Oil prices retreat after recent solid gains

Xinhua, June 10, 2016 Adjust font size:

Oil prices snapped a three-day winning streak to end lower Thursday as traders were looking for excuses to lock in profits.

The West Texas Intermediate for July delivery fell 67 cents to settle at 50.56 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery lost 56 cents to close at 51.95 dollars a barrel on the London ICE Futures Exchange. Enditem