Oil Market UpDate By Ripples Advisory

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Oil prices, which have risen nearly 90 % from 12-year lows hit earlier this year, face pricing barriers to moving higher in the next three to five weeks, technical analysts said on Thursday, with Brent facing a significant hurdle at around $52 a barrel.


 U.S. crude  fell 7 cents to $49.41 a barrel as of 0033 GMT after settling down 8 cents in the previous session. It touched $50.21 earlier on Thursday, its highest since early October.

 Brent fell 9 cents to $49.50. Brent closed down 15 cents, retreating from $50.51, its highest since early November .

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