Oil prices rebound after four-day retreat

New York, Nov 11 (IANS) Oil prices rose on Tuesday, snapping a four-day losing streak triggered by oversupply concerns.

The West Texas Intermediate for December delivery moved up 34 cents to settle at $44.21 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 25 cents to close at $47.44 a barrel on the London ICE Futures Exchange, reported Xinhua.

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