NEW YORK, June 16 (Xinhua) -- Oil prices dropped on Tuesday.
The West Texas Intermediate for July delivery decreased by 4.70 U.S. dollars, or 5.82 percent, to settle at 76.05 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery dropped 4.21 U.S. dollars, or 5.06 percent, to settle at 78.96 dollars a barrel on the London ICE Futures Exchange.
