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Urgent: Oil prices rally as traders buy the dip

Xinhua, January 22, 2016 Adjust font size:

Oil prices bounced up Thursday as traders started to buy after heavy sell-off.

The West Texas Intermediate for March delivery moved up 1.18 U.S. dollars to settle at 29.53 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery added 1.37 dollars to close at 29.25 dollars a barrel on the London ICE Futures Exchange. Enditem