Oil prices rise on expected U.S. shale production dip

April 14, 2015 1:21 AM

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Oil prices rise on expected U.S. shale production dip

SINGAPORE (Reuters) - Crude prices rose on Tuesday after the U.S. Energy Information Administration said it expected U.S. shale oil output to record its first monthly decline in over four years.

Front-month Brent crude futures were trading up 34 cents a $58.27 a barrel by 0106 GMT, while U.S. crude had risen 31 cents to $52.22.

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