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Oil prices extend losses ahead of U.S. stockpile data

Xinhua, May 2, 2017 Adjust font size:

Oil prices kept falling Tuesday as investors awaited weekly data on U.S. crude and petroleum-product supplies scheduled for release Wednesday.

The West Texas Intermediate for June delivery dropped 1.18 U.S. dollars to settle at 47.66 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery decreased 1.06 dollars to close at 50.46 dollars a barrel on the London ICE Futures Exchange. Enditem