Oil edged higher to near USD 42 a barrel in Asia today but analysts said the increase was unlikely to last as the commodity remains under pressure by a supply glut and a strong dollar.

 Prices have been fluctuating since entering a bear market last week, falling more than 20 percent and closing below USD 40 a barrel for the first time since April.

U.S. West Texas Intermediate (WTI) crude futures  were at $41.90 per barrel at 0411 GMT, up 10 cents from their last close. Brent futures  were trading at $44.34 per barrel, up 7 cents.

Brent crude was down 43 cents, or 1 %, at $43.86 per barrel. It earlier fell to $43.51. Visit Us www.ripplesadvisoryx.com/freetrial.php or Get Free Trials Just Give One Missed Call @98-27-80-80-90.

 "The dollar/oil correlation may be back today to pressure crude but the reality is we just have too much oil supply out there to continue supporting prices at these levels," said Phil Davis, trader at PSW Investments in San Diego, California.