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Oil prices extend losses amid supply glut concerns

Xinhua, November 2, 2016 Adjust font size:

Oil prices reversed early gains to end lower Tuesday as worries about rising U.S. crude inventories weighed on the market.

The West Texas Intermediate for December delivery fell 0.19 U.S. dollar to settle at 46.67 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery decreased 0.47 dollar to close at 48.14 dollars a barrel on the London ICE Futures Exchange. Enditem