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Urgent: Oil prices rise amid supply forecast

Xinhua, May 1, 2015 Adjust font size:

Oil prices extended gains Thursday amid continued expectations of an easing in the supply glut.

Light, sweet crude for June delivery increased 1.05 U.S. dollars to settle at 59.63 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery moved up 94 cents to close at 66.78 dollars a barrel. Endite