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    25.01.2016 06:49 Oil prices rose

    West Texas Intermediate futures for March delivery rose to $32.52 ( 1.03%), while Brent crude advanced to $32.68 ( 1.55%) on Monday morning extending Friday's gains after a snowstorm covered the East Coast of the U.S. boosting demand for oil for heating.

    On Friday oil prices rose due to short-covering. Expectations of further stimulus from central banks of Japan and the euro zone support crude too because more stimulus suggests better demand.


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