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Oil prices rise on better demand outlook

2019-11-08 05:42

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NEW YORK, Nov. 7 (Xinhua) -- Oil prices rose on Thursday as trade optimism booted investors' confidence that fuel demand will pick up.

The West Texas Intermediate (WTI) for December delivery increased 0.80 U.S. dollar to settle at 57.15 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery increased 0.55 dollar to close at 62.29 dollars a barrel on the London ICE Futures Exchange.
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