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Oil prices decline on OPEC deal concern

Xinhua, January 14, 2017 Adjust font size:

Oil prices ended lower on Friday on rising concerns over the extent of OPEC member countries implementing the output-cut deal.

The West Texas Intermediate for February Delivery lost 0.64 dollars to settle at 52.37 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery erased 0.56 dollars to close at 55.45 dollars a barrel on the London ICE Futures Exchange. Enditem