Tokyo-Sana
Oil prices rose more than a dollar a barrel at the close, continuing their rise the previous day by about 3 percent, as optimism about record US crude oil exports and signs of fading recession fears outweighed concerns about stagnant demand in China.
Reuters reported that Brent crude closed up $1.27, or 1.3 percent, to $96.96 a barrel, while US West Texas Intermediate crude ended trading up $1.17, or 1.3 percent, to $89.08 a barrel.
Crude oil rose early this year, with Brent crude approaching an all-time high of $147 in March, before falling back recently due to economic concerns.
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