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Oil prices rally on weaker U.S. dollar

Xinhua, September 13, 2016 Adjust font size:

Oil prices ended higher Monday as a weaker greenback made the dollar-denominated oil more attractive for holders of other currencies.

The West Texas Intermediate for October delivery increased 41 cents to settle at 46.29 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery added 31 cents to close at 48.32 dollars a barrel on the London ICE Futures Exchange. Enditem