Oil Prices Surge, But Analysts Remain Cautious

摘要

Oil prices rose more than 1% on Thursday, but analysts remained cautious about record-high US crude inventories. In London, Brent crude futures gained 53￠ to $54.67 per barrel. In New York, Nymex West Texas Intermediate (WTI) 55￠ to $51.70/bbl. The gains put crude on track for its best close since a Mar. 8 rout when investors bailed out of bullish positions due to concerns about supply (OD Mar.9’17).