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Oil prices decline on profit-taking

Xinhua, October 8, 2016 Adjust font size:

Oil prices fell on Friday as investors took profit from recent rally.

The West Texas Intermediate for November delivery lost 0.63 U.S. dollars to settle at 49.81 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery erased 0.58 U.S. dollars to close at 51.93 dollars a barrel on the London ICE Futures Exchange. Enditem