NEW YORK, Jan. 12 (Xinhua) -- Oil prices moved higher on Tuesday amid tailwinds on both demand and supply sides.
The West Texas Intermediate (WTI) for February delivery added 96 cent to settle at 53.21 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 92 cents to close at 56.58 dollars a barrel on the London ICE Futures Exchange.
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