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Oil prices plunge amid ample supplies

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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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