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Oil prices jump on supply worries

Xinhua, June 7, 2016 Adjust font size:

Oil prices rebounded Monday as investors worried about plummeting Nigerian production after a militant attack in Nigeria.

The West Texas Intermediate for July delivery added 1.07 U.S. dollars to settle at 49.69 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery gained 0.91 dollar to close at 50.55 dollars a barrel on the London ICE Futures Exchange. Enditem