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Urgent: Oil prices rise as Brent sets record

Xinhua, February 18, 2015 Adjust font size:

Oil prices climbed on Tuesday with Brent crude soaring to the highest level this year as the drop of rig count continued to spur market bulls.

Light, sweet crude for March delivery rose 0.75 U.S. dollar to settle at 53.53 dollars a barrel on the New York Mercantile Exchange. Endite