Oil prices rebound as traders buy dip

NEW YORK, June 9 (Xinhua) -- Oil prices settled mildly higher Friday as investors bought the dip after previous two-day's sharp declines.

The West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at 45.83 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery added 0.29 dollar to close at 48.15 dollars a barrel on the London ICE Futures Exchange. Enditem