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Urgent: Oil prices jump amid declining inventories

Xinhua, December 24, 2015 Adjust font size:

Oil prices rallied Wednesday as U.S. crude stockpiles decreased more than expected.

The West Texas Intermediate for February delivery moved up 1.36 U.S. dollars to settle at 37.5 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery increased 1.25 dollars to close at 37.36 dollars a barrel on the London ICE Futures Exchange. Enditem