Oil Prices Recover Marginally after Falling to 11-Year Lows Though Bearish Outlooks for 2016 Capped Gains

摘要

US WTI crude futures were 26 cents higher at $36.07 a barrel by 1:16pm GMT, having touched their lowest since 2009 at $33.98 in the previous session, it said. Brent futures rose by 7 cents to $36.42 a barrel, rebounding from an 11-year low of $36.04 hit on Monday. 'The sentiment has been very negative, and ahead of the holidays people tend to close some of the speculative positions,' Hans van Cleef, senior energy economist at ABN Amro in Amsterdam, told the news wire.