Oil prices rise amid OPEC monthly report

NEW YORK, Oct. 11 (Xinhua) -- Oil prices rallied for a third straight session on Wednesday, as the Organization of the Petroleum Exporting Countries (OPEC) said the oil market showed signs of rebalancing.

The West Texas Intermediate for November delivery increased 0.38 U.S. dollar to settle at 51.30 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery rose 0.33 dollar to close at 56.94 dollars a barrel on the London ICE Futures Exchange.

[ Editor: meng ]


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