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NEW YORK, March 15 (Xinhua) -- Oil prices rose on Wednesday after data showed a possible crude deficit in the first half of 2017 and a surprise drop in U.S. crude inventories.
The West Texas Intermediate for April Delivery added 1.14 U.S. dollars to settle at 48.86 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 0.89 dollars to close at 51.81 dollars a barrel on the London ICE Futures Exchange.
