Oil prices stabilize from prior day's surge
Oil prices stabilize
New York - XINHUA
Oil prices steadied on Friday following prior day's jump boosted by a recovery in Chinese stocks.
The West Texas Intermediate for August delivery moved down 4 cents to settle at 52.74 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery increased 12 cents to close at 58.73 dollars a barrel on the London ICE Future Exchange.
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