Oversupply keeps pressure on oil prices

By Rose Powell
Updated September 18 2014 - 5:13pm, first published 4:47pm
Oil prices are unlikely to rise while current oversupply remains.  Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains. Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains.  Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains. Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains.  Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains. Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains.  Photo: Jessica Shapiro
Oil prices are unlikely to rise while current oversupply remains. Photo: Jessica Shapiro

Oil prices remain under pressure, hovering near a two-year low set earlier this week, as analysts warn there will be no rapid recovery because of ample supply of the commodity.

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