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Oil prices extend gains as U.S. stockpiles fall

Xinhua, June 9, 2016 Adjust font size:

Oil prices rose for a third straight session Wednesday as official data showed a larger-than-expected drop in U.S. crude stocks.

The West Texas Intermediate for July delivery increased 0.87 U.S. dollar to settle at 50.36 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery gained 1.07 dollar to close at 52.51 dollars a barrel on the London ICE Futures Exchange. Enditem