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NEW YORK, Nov. 17 (Xinhua) -- Oil prices rebounded on Friday, but posted weekly losses amid concerns about oversupply.

The West Texas Intermediate for December delivery was up 1.41 U.S. dollar to settle at 56.55 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery rose 1.36 dollars to close at 62.72 dollars a barrel on the London ICE Futures Exchange. Enditem