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Urgent: Oil prices jump amid increasing demand

Xinhua, November 4, 2015 Adjust font size:

Oil prices surged Tuesday as market expected U.S. refiners to consume more crude after maintenance season.

The West Texas Intermediate for December delivery moved up 1.76 U.S. dollars to settle at 47.9 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 1.75 dollars to close at 50.54 dollars a barrel on the London ICE Futures Exchange. Endit