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Oil prices extends losses amid supply glut concerns

Xinhua, November 15, 2016 Adjust font size:

Oil prices extended last week's declines on Monday, dragged down by worries about oversupply as the Organization of Petroleum Exporting Countries (OPEC) saw record crude production last month.

The West Texas Intermediate for December Delivery lost 0.09 U.S. dollars to settle at 43.32 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased 0.32 U.S. dollars to close at 44.43 U.S. dollars a barrel on the London ICE Futures Exchange. Enditem