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Urgent: Oil prices gain amid shrinking supply glut

Xinhua, March 22, 2016 Adjust font size:

Oil prices rose Monday as market expected the crude supply glut to ease.

The West Texas Intermediate for April delivery moved up 47 cents to settle at 39.91 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 34 cents to close at 41.54 dollars a barrel on the London ICE Futures Exchange. Endit