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Oil prices rise as U.S. crude stockpiles decline

Xinhua, October 7, 2016 Adjust font size:

Oil prices climbed on Thursday as government data showed a surprise weekly drawdown in U.S. crude inventories.

The West Texas Intermediate for November delivery added 61 U.S. cents to settle at 50.44 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery gained 65 cents to close at 52.51 dollars a barrel on the London ICE Futures Exchange. Endit