OIL PRICE: NEAR $54 YET
REUTERS - Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the U.S., currently the world's biggest oil producer, though concerns about global economy continues to weigh.
International benchmark Brent crude LCOc1 futures rose 60 cents, or 1.1 percent, to $54.42 a barrel at 0408 GMT. Prices climbed to as high as $54.66.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 37 cents, or 0.8 percent, to $45.96…
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