Oil prices rise on concerns of lower supply, signs of U.S. economic growth 

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Oil prices rose on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer.


Brent futures for June rose 31 cents, or 0.4%, to $89.66 a barrel at 0443 GMT. U.S. West Texas Intermediate (WTI) futures for May rose 30 cents, or 0.4%, to $85.73 a barrel.



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