You are here

Oil back towards US$56 but outlook still fragile, say traders

BT_20150206_SYOIL6_1501883.jpg
Analysts say it is too soon to expect a sustained price rise.

London

OIL rose towards US$56 a barrel on Thursday, recovering from part of the previous session's drop, although traders and analysts said the prospect of a further, sustained rally from near six-year lows looked weak.

Crude snapped a four-day winning streak on Wednesday, when the