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20/12/2013 - 05:55

Oil prices gain on US economic optimism

20/12/2013 - 05:55

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Oil prices rose as investors concluded that the Federal Reserve's move to trim stimulus was a sign of the improving US economy.US oil benchmark West Texas Intermediate for January delivery rose 97 US cents to close at $US98.77 a barrel, the highest level in nearly two months.

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