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Oil prices rebound after U.S. drilling pullback

Xinhua,January 09, 2018 Adjust font size:

NEW YORK, Jan. 8 (Xinhua) -- Oil prices rose Monday after data showed a weekly decline in the number of U.S. drilling rigs.

The West Texas Intermediate for February delivery increased 0.29 U.S. dollar to settle at 61.73 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery added 0.16 dollar to close at 67.78 dollars a barrel on the London ICE Futures Exchange. Enditem