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Oil prices extend rally on OPEC deal, weaker dollar

Xinhua, December 3, 2016 Adjust font size:

Oil prices increased for the third consecutive day following OPEC's decision to cut production and a weaker dollar.

The West Texas Intermediate for January Delivery increased 0.62 U.S. dollars to settle at 51.68 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery added 0.52 dollars to close at 54.46 dollars a barrel on the London ICE Futures Exchange. Enditem