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Urgent: Oil prices rebound after heavy selloff

Xinhua, August 5, 2015 Adjust font size:

Oil prices bounced Tuesday as traders started to buy after a sharp decline in the previous day.

The West Texas Intermediate for September delivery moved up 57 cents to settle at 45.74 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery increased 47 cents to close at 49.99 dollars a barrel on the London ICE Future Exchange. Endite