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Oil prices rise after sharp decline

Xinhua, August 26, 2016 Adjust font size:

Oil prices ended higher Thursday as traders buy the dip after previous day's big losses.

The West Texas Intermediate for October delivery increased 0.56 U.S. dollar to settle at 47.33 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery added 0.62 dollar to close at 49.67 dollars a barrel on the London ICE Futures Exchange. Enditem