Oil prices pared some losses on Thursday after sharp falls overnight on an unexpectedly large buildup in U.S. gasoline stocks and seasonally tepid demand. The global benchmark November Brent contract LCOc1 had climbed 44 cents to $48.19 a barrel as of 0151 GMT, after ending the previous session down $1.33 at $47.75 a barrel. U.S. crude CLc1 rose 47 cents to $44.95 a barrel, having slumped $1.88 on Wednesday to settle at $44.48. “A combination of a slightly better supply-side scenario in terms of prices and a bit of an improvement in industrial sentiment globally has brought in some support,” said Michael McCarthy, chief market strategist at CMC Markets in Australia. Data from the Energy Information Administration on Wednesday showed that U.S. crude oil stocks USOILC=ECI fell 1.9 million barrels in the week to Sept. 18, […]