Oil prices rise as banking fears ease


NEW YORK, March 21 (Xinhua) -- Oil prices climbed on Tuesday as fears of a global banking crisis eased.

The West Texas Intermediate (WTI) for April delivery gained 1.69 U.S. dollars, or 2.5 percent, to settle at 69.33 dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery added 1.53 dollars, or 2.07 percent, to close at 75.32 dollars a barrel on the London ICE Futures Exchange.

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