Oil prices rebound after heavy selloff

16-09-2015 Wed 09:46 | Business | IANS

New York, Sep 16: Oil prices bounced Tuesday as traders bought the dip after sharp decline. The West Texas Intermediate for October delivery moved up 59 cents to settle at $44.59 a barrel on the New York Mercantile Exchange, while Brent crude for October delivery increased 26 cents to close at $46.63 a barrel on the London ICE Future Exchange, Xinhua news agency reported.

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