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2021 February 16   09:30

Oil prices rise amid decreased production

Oil prices rose by 0.52%-1.38%

As of February 16 (07:47, Moscow time), Brent Crude futures for April delivery were trading 0.52% higher to settle at $63.63 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange rose by 1.38 % to $60.29 a barrel.

Oil prices rise amid decreased production and processing.

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