Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark for oil, were at $50.95 per barrel at 0231 GMT, up 31 cents, or 0.6%, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November. U.S. West Texas Intermediate (WTI) crude futures were up 35 cents, or 0.7%, at $48.39 a barrel, after testing support at $47 overnight. Analysts said Brent had found technical support around $50 a barrel and was being pushed up as traders took new long positions after crude hit multi-month lows overnight.

Get more about Commodity Market Tips for click here http://www.ripplesadvisory.com/services.php.