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Oil prices rise as U.S. stockpiles fall

Xinhua, July 21, 2016 Adjust font size:

Oil prices rallied Wednesday as official data showed that U.S. crude inventories declined for a ninth straight week.

The West Texas Intermediate for August delivery climbed 0.29 U.S. dollar to settle at 44.94 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery added 0.51 dollar to close at 47.17 dollars a barrel on the London ICE Futures Exchange. Enditem