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15.01.2016 06:33 Oil prices under pressure

West Texas Intermediate futures for February delivery climbed to $31.56 ( 1.15%), while Brent crude declined to $30.51 (-1.20%). Nevertheless both crudes remained under pressure amid concerns over China's economy (world's second-biggest oil consumer) and expectations of additional supplies from Iran now that sanctions are lifted and the country is working on boosting production.

Oil prices have already lost over 15% in the first two weeks of 2016.

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