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Oil prices rise on stock market strength

Xinhua, January 27, 2017 Adjust font size:

Oil prices rose Thursday amid stock market strength and a weaker dollar this month.

The West Texas Intermediate for March Delivery added 1.03 U.S. dollars to settle at 53.78 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery increased 1.16 dollars to close at 56.24 dollars a barrel on the London ICE Futures Exchange. Endit