NEW YORK, Jan. 25 (Xinhua) -- Oil prices advanced on Monday as supply concerns outweighed demand worries.
The West Texas Intermediate (WTI) for March delivery added 50 cents to settle at 52.77 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery increased 47 cents to close at 55.88 dollars a barrel on the London ICE Futures Exchange.
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