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NEW YORK, April 20 (Xinhua) -- Oil prices fluctuated in a tight range Thursday, as investors assessed rising U.S. production against remarks from leading Gulf crude producers that an extension to OPEC-led supply cuts was likely.
The West Texas Intermediate for May delivery decreased 0.17 U.S. dollar to settle at 50.17 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery edged up 0.06 dollar to close at 52.99 dollars a barrel on the London ICE Futures Exchange. Enditem
