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Oil prices rebound ahead of U.S. inventory data

Xinhua, April 25, 2017 Adjust font size:

Oil prices rallied Tuesday after choppy trading, as U.S. crude stockpile data, scheduled for release Wednesday, was forecast to show a drawdown.

The West Texas Intermediate for June delivery increased 0.33 U.S. dollar to settle at 49.56 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery added 0.50 dollar to close at 52.10 dollars a barrel on the London ICE Futures Exchange. Endit