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Urgent: Oil prices gain amid declining supplies

Xinhua, March 12, 2016 Adjust font size:

Oil prices rose Friday as data showed oil producers are cutting output.

The West Texas Intermediate for April delivery moved up 66 cents to settle at 38.5 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 34 cents to close at 40.39 dollars a barrel on the London ICE Futures Exchange. Endit