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Oil prices rise on forecasts for lower U.S. oil inventories

Xinhua, December 21, 2016 Adjust font size:

Oil prices ended higher on Tuesday on market expectations for a sharp decline in U.S. oil stockpiles.

The West Texas Intermediate for January Delivery increased 0.11 dollars to settle at 52.23 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery added 0.43 dollars to close at 55.35 dollars a barrel on the London ICE Futures Exchange. Enditem