Oil prices bounce after downbeat week

NEW YORK, Aug. 8 (Xinhua) -- Oil prices rose on Monday, reclaiming some of the losses they had suffered in the prior week.

The West Texas Intermediate for September delivery rose 1.75 U.S. dollars, or 2 percent, to settle at 90.76 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery increased 1.73 dollars, or 1.8 percent, to close at 96.65 dollars a barrel on the London ICE Futu