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LONDON (AP) - Oil prices rose Wednesday, extending their rise above $63 a barrel as traders awaited a weekly report that was expected to show a drop in U.S. oil inventories.
Light sweet crude for February delivery on the New York Mercantile Exchange gained 21 cents to $63.67 a barrel in electronic trading by afternoon in Europe.
Brent crude was up 41 cents at $63.22 on the ICE Futures exchange in London.
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