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Urgent: U.S. oil price rebounds after sharp decline

Xinhua, August 15, 2015 Adjust font size:

U.S. oil price bounced back Friday as traders bought the dip after prior day's heavy selloff.

The West Texas Intermediate for September delivery moved up 27 cents to settle at 42.5 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery decreased 19 cents to close at 49.03 dollars a barrel on the London ICE Future Exchange. Endite