Reuters | Brent oil up above $49 as investors look for rebound Reuters "Traders buying and putting oil into storage may be holding the price for now," said Christopher Bellew, a broker at Jefferies Bache in London. "I see the market as being in a consolidating phase ... (but) at some point I expect a move to the downside.". Oil Markets Rebound as Record High Supply Drags on US Futures Oil near six-year lows after US stockpiles hit record high Oil Prices Are Rebounding A Bit |