Tue, 13 Oct 2015 08:28:08 GMT
Oil advances after Monday's slump, supply glut limits gains
Oil prices rose on Tuesday after both benchmarks posted a 5% drop in the prior session, however gains were limited by persisting concerns over the global oversupply. Futures for WTI added 1.08% to $47.64, while Brent futures gained 1.05% to trade at %50.78 by 07:35 AM GMT. Meanwhile, analysts also noted that the latest data from China revealed a slight