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Urgent: Oil prices rebound after heavy selloff

Xinhua, August 26, 2015 Adjust font size:

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

The West Texas Intermediate for October delivery moved up 1.07 U.S. dollars to settle at 39.31 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery increased 52 cents to close at 43.21 dollars a barrel on the London ICE Future Exchange. Enditem