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Urgent: Oil prices extend gains as traders buy the dip

Xinhua, December 16, 2015 Adjust font size:

Oil prices continued to climb Tuesday as traders started to buy after sharp decline of last week.

The West Texas Intermediate for January delivery moved up 1.04 U.S. dollars to settle at 37.35 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery increased 53 cents to close at 38.45 dollars a barrel on the London ICE Futures Exchange. Enditem