SINGAPORE, Dec 6 (Reuters): Oil prices rose by more than US$1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.
Brent crude futures for February gained US$1.61, or 2.3%, to US$71.49 a barrel by 0720 GMT while US West Texas Intermediate crude for January were at US$67.89 a barrel, up US$1.63, or 2.5%.
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