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Oil prices slump as market unsure of output cut deal

Xinhua, November 26, 2016 Adjust font size:

The international crude oil prices slumped on Friday as market adopted an wait-and-see attitude toward a possible output cut deal among oil producers.

The West Texas Intermediate for January Delivery lost 1.90 U.S. dollars to settle at 46.06 dollars a barrel on the New York Mercantile Exchange, while Brent Crude for January delivery erased 1.76 U.S. dollars to close at 47.24 dollars a barrel on the London ICE Futures Exchange. Endit