Oil prices advance on final day of 2020


NEW YORK, Dec. 31 (Xinhua) -- Oil prices finished higher on Thursday, but suffered massive losses for the year, as pandemic-induced lockdowns and mobility restrictions hammered fuel demand.

The West Texas Intermediate for February delivery added 12 cents to settle at 48.52 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 17 cents to close at 51.80 dollars a barrel on the London ICE Futures Exchange.

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