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Crude prices rise amid shrinking output

Xinhua, April 21, 2016 Adjust font size:

Oil prices gained Wednesday as government reports show U.S. crude output continued to contract.

The West Texas Intermediate for May delivery moved up 1.55 U.S. dollars to settle at 42.63 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery increased 1.73 dollars to close at 45.8 dollars a barrel on the London ICE Futures Exchange. Endit