Crude futures settle higher


NEW YORK, Dec. 17 (Xinhua) -- Oil prices climbed on Wednesday.

The West Texas Intermediate for January delivery increased by 67 cents, or 1.21 percent, to settle at 55.94 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery went up 76 cents, or 1.29 percent, to settle at 59.68 dollars a barrel on the London ICE Futures Exchange.

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