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Urgent: Oil prices pare losses on less-than-expected rise in U.S. inventories

Xinhua, February 20, 2015 Adjust font size:

Oil prices pared much of early losses on Thursday as a weekly government report showed U.S. crude inventories rose less than expected.

Light, sweet crude for March delivery slipped 0.98 U.S. dollar to settle at 51.16 dollars a barrel on the New York Mercantile Exchange. Endite