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Urgent: Oil prices rally amid falling output

Xinhua, October 6, 2015 Adjust font size:

Oil prices continued to rise Monday as data signaled that U.S. crude output is contracting.

The West Texas Intermediate for November delivery moved up 72 cents to settle at 46.26 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery increased 1.12 dollars to close at 49.25 dollars a barrel on the London ICE Future Exchange. Endit