Crude rises after U.S. fed rate hike, gains limited

December 17, 2015 1:18 AM

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Crude rises after U.S. fed rate hike, gains limited

TOKYO Crude futures rose in Asian trade on Thursday recouping some of the losses from the previous session, when they fell sharply after the Federal Reserve raised rates and official figures showed a surprise build in U.S. inventories.

West Texas Intermediate for January delivery CLF6, the front-month contract, rose 17 cents to $35.69 a barrel by 0100 GMT after finishing settled down nearly 5 percent on Wednesday.

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