Oil prices rise as 2017 draws a close

NEW YORK, Dec. 29 (Xinhua) -- Oil prices rose on the final trading day of the year, with U.S. oil prices closing above 60 U.S. dollars, amid an unexpected fall in American output.

The West Texas Intermediate for February delivery increased 58 U.S. cents to settle at 60.42 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery ticked up 15 cents to close at 66.87 dollars a barrel on the London ICE Futures Exchange. Enditem