Oil prices edge down but set for biggest yearly rise since 2016

Brent crude futures for March delivery, the new front month contract, were down 11 cents, or 0.2%, to 66.56 a barrel by 0158 GMT, while U.S. West Texas Intermediate (WTI) crude for February was down 11 cents, or 0.2%, at $61.57 per barrel. Brent for February delivery closed on Monday at $68.44.

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