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NEW YORK, Dec. 5 (Xinhua) -- Oil prices edged higher on Tuesday amid strong demand and a deal to extend oil output cuts.

The West Texas Intermediate for January delivery increased 0.15 U.S. dollar to settle at 57.62 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery rose 0.41 dollar to close at 62.86 dollars a barrel on the London ICE Futures Exchange.