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Oil prices rebound after heavy sell-off

Xinhua, May 5, 2017 Adjust font size:

Oil prices rallied Friday as investors bought the dip after previous day's sharp declines.

The West Texas Intermediate for June delivery climbed 0.70 U.S. dollar to settle at 46.22 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery increased 0.72 dollar to close at 49.10 dollars a barrel on the London ICE Futures Exchange. Endit