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Oil prices slump after disappointing U.S. stockpile data

Xinhua, July 8, 2016 Adjust font size:

Oil prices reversed early gains to end sharply lower Thursday, as official data showed U.S. crude inventories dropped by less than expected.

The West Texas Intermediate for August delivery tumbled 2.29 U.S. dollars to settle at 45.14 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery dropped 2.40 dollars to close at 46.40 dollars a barrel on the London ICE Futures Exchange. Enditem