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Crude Oil Inches Higher

Crude oil futures inched higher Monday, but were unable to hold $60 a barrel despite a rebound for U.S. stocks.

March WTI oil settled at $59.29/bbl, up 9 cents, or nearly 0.2%.

Oil prices dropped 10% last week, as the EIA lifted its forecasts for 2018 and 2019 U.S. crude-oil production.

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