NEW YORK, Oct. 6 (Xinhua) -- Oil prices moved higher on Tuesday as a strike in the Norwegian oil and gas industry and a looming hurricane in the Gulf of Mexico caused production disruptions.
The West Texas Intermediate (WTI) for November delivery climbed 1.45 U.S. dollars to settle at 40.67 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 1.36 dollars to 42.65 dollars a barrel on the London ICE Futures Exchange.
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