NEW YORK, Dec. 3 (Xinhua) -- Oil prices moved higher on Thursday as traders weighed the latest output policy from the Organization of the Petroleum Exporting Countries (OPEC) and its allies.
The West Texas Intermediate for January delivery gained 36 cents to settle at 45.64 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery increased 46 cents to close at 48.71 dollars a barrel on the London ICE Futures Exchange.
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