Markets > Commodities

Oil prices tumble on global supply glut

NEW YORK
2017-06-21 03:09

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Oil prices kept falling Tuesday as concerns about a global supply glut continued to weigh on the market.

The West Texas Intermediate for July delivery dropped 0.97 U.S. dollar to settle at 43.23 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery lost 0.89 U.S. dollar to close at 46.02 dollars a barrel on the London ICE Futures Exchange.

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