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Oil prices retreat on global glut worries

Xinhua, September 14, 2016 Adjust font size:

Oil prices dropped Tuesday as worries about a global supply glut weighed on the market.

The West Texas Intermediate for October delivery decreased 1.39 U.S. dollars to settle at 44.90 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery lost 1.22 dollars to close at 47.10 dollars a barrel on the London ICE Futures Exchange. Endit