Published by
Reuters UK
Reuters UK
By Sonali Paul (Reuters) – Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 GMT, recouping losses from the previous session. U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.4%, to 102.60 a barrel, adding to a 19 cent gain in the previous session. Analysts said market volatility is likely to pick up again soon, with the Euro…