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Urgent: Oil prices rebound on OPEC's call for production cut

Xinhua, January 27, 2016 Adjust font size:

Oil prices bounced up Tuesday after OPEC'S secretary-general called for production cut.

The West Texas Intermediate for March delivery moved up 1.11 U.S. dollars to settle at 31.45 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery increased 1.3 dollars to close at 31.8 dollars a barrel on the London ICE Futures Exchange. Endit