Analysts warn market not to get high hopes just yet

THERE may be signs that the oil price is recovering, with West Texas Intermediate, rising along with Brent over the last week, but prices fell today as US Energy Information Administration data suggested physical storage is filling fast.

Analysts warn market not to get high hopes just yet Analysts warn market not to get high hopes just yet Analysts warn market not to get high hopes just yet Analysts warn market not to get high hopes just yet Analysts warn market not to get high hopes just yet

 

Prices for both major benchmarks WTI and Brent doubled in the past week, albeit from historic lows, but that rally has ended as data showed American stockpiles rose close to 4.

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