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      Oil prices drop amid global glut
      
    



2015-01-10 07:26     
 Xinhua     

Web Editor: Qin Dexing


	


    

    

    



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    Oil prices retreated Friday as there is no sign that the Organization of Petroleum Exporting Countries (OPEC) would cut production in response to recent slump.
    


    Light, sweet crude for February delivery lost 43 cents to settle at 48.36 U.S. dollars a barrel on the New York Mercantile Exchange.
    

    

    

    



	



    

    



    

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