NEW YORK, May 11 (Xinhua) -- Oil prices surged on Wednesday, recouping some of the massive losses they had suffered earlier this week.
The West Texas Intermediate for June delivery added 5.95 U.S. dollars, or 6 percent, to settle at 105.71 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery increased 5.05 dollars, or 4.9 percent, to close at 107.51 dollars a barrel on the London ICE Futures Exchange.
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