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Urgent: Oil prices rise amid possible declining output

Xinhua, January 30, 2016 Adjust font size:

Oil prices extended gains Friday as data showed U.S. oil drillers are cutting production.

The West Texas Intermediate for March delivery moved up 40 cents to settle at 33.62 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery increased 79 cents to close at 34.74 dollars a barrel on the London ICE Futures Exchange. Endit