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Oil prices tumble on global supply glut

Xinhua, May 4, 2017 Adjust font size:

Oil prices plunged Thursday as worries about oversupplies dampened investors' sentiment.

The West Texas Intermediate for June delivery dropped 2.30 U.S. dollars to settle at 45.52 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery lost 2.41 dollars to close at 48.38 dollars a barrel on the London ICE Futures Exchange. Enditem