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Urgent: Oil prices rebound after heavy selloff

Xinhua, August 13, 2015 Adjust font size:

Oil prices bounced Wednesday as traders bought the dip after prior day's sharp decline.

The West Texas Intermediate for September delivery moved up 22 cents to settle at 43.3 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery increased 48 cents to close at 49.66 dollars a barrel on the London ICE Future Exchange. Endite