Croft points out there's a second issue adding to the bearishness surrounding oil: a large U.S. inventory build.
"This is a counter-seasonal build. It's leading to concern of U.S. production being higher than anticipated," she said. "That's a second whammy for the oil market right now.
On Thursday, WTI settled up 1.8% at $52.51 per barrel, while Brent settled up 1.7% at around $61.68 a barrel.
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