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Oil prices dived on Wednesday.
The West Texas Intermediate for May delivery decreased by 18.54 U.S. dollars, or 16.41 percent, to settle at 94.41 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery dropped 14.52 dollars, or 13.29 percent, to settle at 94.75 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle lower
Li Hongzhong, vice chairman of the National People's Congress Standing Committee, met with the European Parliament's delegation for relations with China led by chair Engin Eroglu in Beijing on Wednesday.
Li, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China is willing to work with the European Union (EU) to strengthen communication, enhance mutual trust, deepen cooperation, and pursue mutual benefit and win-win outcomes.
He said China stands ready to join hands with the EU to address global challenges, promote exchanges and cooperation among legislative bodies, effectively utilize communication mechanisms, and advance the sound and stable development of China-EU relations.
Eroglu said the EU stands ready to work with China to contribute to the development of EU-China relations.
Senior Chinese legislator meets European Parliament delegation
