Crude futures settle higher


NEW YORK, Aug. 12 (Xinhua) -- Oil prices inched up on Wednesday.

The West Texas Intermediate for September delivery increased by 7 cents, or 0.08 percent, to settle at 83.27 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery gained 7 cents, or 0.08 percent, to settle at 88.98 dollars a barrel on the London ICE Futures Exchange.

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