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Urgent: Oil prices gain amid declining U.S. output

Xinhua, March 3, 2016 Adjust font size:

Oil prices rose Wednesday as data showed U.S. oil production continued to drop.

The West Texas Intermediate for April delivery moved up 26 cents to settle at 34.66 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 12 cents to close at 36.93 dollars a barrel on the London ICE Futures Exchange. Enditem