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Oil prices set for first annual decline since 2015

Updated : December 31, 2018 10:14 AM IST

Hints of progress on a possible US-China trade deal helped bolster sentiment, which has been battered by concerns over a weaker global economic outlook.
Brent crude futures - the international benchmark for oil prices - rose 42 cents, or 0.8 percent, to $53.63 a barrel by 0250 GMT. Brent declined nearly 20 percent in 2018 following two years of growth.
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