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Oil prices fell on Monday.
The West Texas Intermediate for January delivery dropped 62 cents, or 1.08 percent, to settle at 56.82 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery decreased by 56 cents, or 0.92 percent, to settle at 60.56 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle lower
Chinese Vice Premier He Lifeng met with a Malaysian delegation led by Anthony Loke Siew Fook, secretary-general of the Democratic Action Party (DAP) and transport minister of Malaysia, in Beijing on Monday.
He, who is also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, said that Chinese President Xi Jinping and Malaysian Prime Minister Anwar Ibrahim have met twice since the beginning of this year, leading bilateral relations to a new level. China is willing to work with Malaysia to deepen mutually beneficial cooperation, enhance mutual learning among civilizations, promote open and inclusive global development, and create a new "50 golden years" for China-Malaysia relations, he noted.
He also introduced the guiding principles set out at the fourth plenary session of the 20th Central Committee of the CPC.
Loke said that Malaysia is willing to enhance interparty exchange with China and promote the continuous development of bilateral relations.
Chinese vice premier meets with Malaysian transport minister
