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Oil prices rise

Oil prices rose on Monday as investors focused on tight market conditions after data late last week showed US crude inventories fell to their lowest in more than three years.
 
Global benchmark Brent rose 37 cents, or 0.5 per cent, to $77.48 a barrel. 
 
US crude futures added 29 cents, or 0.4 per cent, to $74.09.


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