Oil prices plunge amid ample supplies

New York, Nov 12 (IANS) Oil prices fell on Wednesday as market expected the global supplies to exceed the demand.

The West Texas Intermediate for December delivery moved down $1.28 to settle at $42.93 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery decreased $1.63 to close at $45.81 a barrel on the London ICE Futures Exchange, reported Xinhua.

 

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