Oil prices were marooned near five-months lows on Friday after a near 5 percent fall in the previous session on concerns over rising U.S. supply, wiping out all of the price gains since OPEC's move to curb output. Tumbling prices would likely force OPEC members to extend production cuts later this month, but the prospect fo deeper cuts appeared slim, analysts said. Brent crude futures, the international benchmark for oil prices, were at $48.41 per barrel at 0047 GMT, up 3 cents from their last close. Brent tumbled back below $50 a barrel in the previous session.

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