Oil prices rebound after prior week's selloff

NEW YORK, March 20 (Xinhua) -- Oil prices rose on Monday, reclaiming some of the massive losses they had suffered in the previous week.

The West Texas Intermediate for April delivery increased 90 cents, or 1.35 percent, to settle at 67.64 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery added 82 cents, or 1.12 percent, to close at 73.79 dollars a barrel on the London ICE Futures Exchange.