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Oil prices rose about 1 percent or more on Thursday

stander
stander
in Oil, Gas and Energy News

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NEW YORK, Sept 15 (Reuters) - Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No. 1 carrier for the motor fuel in the United States.

A run up in Wall Street shares also boosted oil prices as weak U.S. economic data dampened the likelihood of a Federal Reserve rate hike this month.

Brent crude futures settled up 74 cents, or 1.6 percent, at $46.59 a barrel, after a session high at $47.

http://www.downstreamtoday.com/news/article.aspx?a_id=53537

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