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Oil prices extend losses amid supply glut

Xinhua, April 18, 2017 Adjust font size:

Oil prices declined Tuesday as U.S. shale oil output in May is expected to keep rising.

The West Texas Intermediate for May delivery decreased 0.24 U.S. dollar to settle at 52.41 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery lost 0.47 dollar to close at 54.89 dollars a barrel on the London ICE Futures Exchange. Enditem