NEW YORK, June 12 (Xinhua) -- Oil prices settled higher Monday on signs of U.S. stockpile declines.

The West Texas Intermediate for July delivery rose 0.25 U.S. dollar to settle at 46.08 dollars a barrel on the New York Mercantile Exchange, while Brent crude for August delivery gained 0.14 dollar to close at 48.29 dollars a barrel on the London ICE Futures Exchange. Enditem