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Urgent: Oil prices rise as U.S. supplies fall

Xinhua, May 21, 2015 Adjust font size:

Oil prices gained Wednesday after government data showed that U.S. inventories dropped last week,the third weekly fall in crude supplies.

Light, sweet crude for July delivery moved up 99 cents to settle at 58.98 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery moved up 1.01 U.S. dollars to close at 65.03 dollars a barrel. Endite