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Urgent: U.S. oil price gains as traders buy the dip

Xinhua, December 15, 2015 Adjust font size:

U.S. oil price pared earlier loses Monday as traders started to buy after sharp decline of last week.

The West Texas Intermediate for January delivery moved up 69 cents to settle at 36.31 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery decreased 1 cents to close at 37.93 dollars a barrel on the London ICE Futures Exchange. Enditem