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Oil prices decline on oversupply concerns

Xinhua, March 1, 2017 Adjust font size:

Oil prices ended lower on Tuesday on rising concerns over U.S. crude oversupply.

The West Texas Intermediate for April Delivery lost 0.04 dollars to settle at 54.01 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery erased 0.34 dollars to close at 55.59 dollars a barrel on the London ICE Futures Exchange. Endit