Oil prices hold many of a prior day’s clever gains Thursday, though while a dive in U.S. gasoline stockpiles fueled hopes for a pick-up in demand, traders sojourn on corner over a long-running supply glut.
“I’m still not disposition towards prices relocating adult sustainably since a fundamentals have not changed,” pronounced Phillip Futures researcher Daniel Ang.
He forked to U.S. wanton production, that he pronounced rose marginally final week after weeks of decline, describing it as “rather bearish” for prices.
Article source: http://www.dailystar.com.lb//Business/International/2016/Mar-10/341477-oil-prices-dip-after-rally-but-supply-worries-persist.ashx