Oil Prices Settle Near $54 a Barrel

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Crude oil futures ended slightly higher Monday, inching closer to $54 a barrel one day after the president of OPEC said that the market is “well supplied.”


Light, sweet crude for April delivery rose 11 cents to settle at $53.89 a barrel on the New York Mercantile Exchange. Brent crude futures rose 25 cents to $52.05 on London’s International Petroleum Exchange.


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