U. S. oil futures prices dipped below $50 a barrel on Friday, dragged down by an appreciating U.S. dollar and negative sentiment across financial markets, but analysts expect the recent oil gains to resume. Oil prices have rallied by around 90% since hitting decade-lows earlier this year as a number of supply outages around the world fueled expectations that the global oversupply of crude would shrink faster than expected. “Today seems like a day of wait-and-see what direction prices are headed for short-term,” said Michael Poulsen, oil analyst at Global Risk Management. “Longer term remains more bullish as the oil market seems to be rebalancing.” Brent crude, the global oil benchmark, fell 1.3% to $51.28 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 1.4% at $49.83 a barrel. Analysts at Commerzbank attributed Friday’s falls to poorer sentiment […]