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U.S. oil keeps rising after OPEC deal

Xinhua, October 1, 2016 Adjust font size:

Oil prices wavered in a tight range Friday, as investors became cautious after recent solid gains spurred caused by a production-cut agreement among the Organization of the Petroleum Exporting Countries (OPEC).

The West Texas Intermediate for November delivery added 0.41 U.S. dollar to settle at 48.24 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery decreased 0.18 dollar to close at 49.06 dollars a barrel on the London ICE Futures Exchange. Endit