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NEW YORK, May 30 (Xinhua) -- Oil prices declined Tuesday on signs of Libya's output resurgence and concerns over lingering global glut.
The West Texas Intermediate for July delivery lost 0.14 U.S. dollar to settle at 49.66 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery erased 0.05 dollar to close at 52.29 dollars a barrel on the London ICE Futures Exchange. Enditem
