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Oil prices continued to hover near a seven-year low after the decision of the Organization of the Petroleum Exporting Countries (OPEC) last Friday to keep crude production pumping at the current level in an already oversupplied market.


The West Texas Intermediate for January delivery dropped 1.96 percent around midday Friday, and Brent crude for January delivery also lost 2.77 percent.


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UNITED NATIONS, Dec. 10 (Xinhua) -- Two convoys of assistance from the World Food Programme (WFP) have arrived in the central Yemeni city of Taiz, with badly needed food supplies for residents living in dire conditions under a virtual state of siege, a UN spokesman told reporters here Thursday.


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