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Oil prices fall on stronger dollar, U.S. shale drilling recovery

Xinhua, February 7, 2017 Adjust font size:

Oil prices fell Monday on stronger dollar and rising U.S. shale drilling activity.

The West Texas Intermediate for March Delivery erased 0.82 U.S. dollars to settle at 53.01 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 1.09 dollars to close at 55.72 dollars a barrel on the London ICE Futures Exchange. Endit