Oil advances after Monday's slump, supply glut limits gains

Source: CNBC
© ScanPix/AFP
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 growth in crude-oil imports in September. 
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