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Oil prices rise on output-cut expectation

Xinhua, October 11, 2016 Adjust font size:

Oil prices climbed on Monday as Russia said it was ready to curb crude output.

The West Texas Intermediate for November delivery added 1.54 U.S. dollars to settle at 51.35 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery gained 1.21 U.S. dollars to close at 53.14 dollars a barrel on the London ICE Futures Exchange. Enditem