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Oil prices rise despite rising U.S. supply

Xinhua, February 2, 2017 Adjust font size:

Oil prices settled higher Wednesday despite increasing U.S. crude supply.

The West Texas Intermediate for March Delivery added 1.07 U.S. dollars to settle at 53.88 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery increased 1.22 dollars to close at 56.80 dollars a barrel on the London ICE Futures Exchange. Endit