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Urgent: Oil prices rise on drop of supply forecast

Xinhua, June 3, 2015 Adjust font size:

Oil prices gained Tuesday as market expected another drop of U.S. crude inventories.

Light, sweet crude for July delivery moved up 1.06 U.S. dollars to settle at 61.26 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery increased 61 cents to close at 65.49 dollars a barrel. Endite