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Crude oil prices settles higher on Thursday (19.1.17)

Oil prices climbed on Thursday by expectations of tighter supply and on reports of record Chinese demand, but prices remained under pressure from rising US crude and gasoline inventories.

Closing crude values have increased.WTI on NYME closed at $51.37/bbl, prices have increased by $0.29/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.24/bbl in compared to last trading and was assessed around $54.16/bbl.