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Oil prices fall on glut concern

Xinhua, January 31, 2017 Adjust font size:

Oil prices fell for the second consecutive session on Monday, after data showed a recovery for U.S. drilling activity.

The West Texas Intermediate for March Delivery erased 0.54 U.S. dollars to settle at 52.63 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 0.29 dollars to close at 55.23 dollars a barrel on the London ICE Futures Exchange. Enditem