Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.95 per barrel at 0033 GMT, up 31 cents from their last close. That came after Brent briefly dipped below $50 a barrel the previous session for the first time since November. In the United States, West Texas Intermediate (WTI) crude futures were up 33 cents at $48.38 a barrel, after testing support at $47 a barrel overnight. Despite the bounce on Thursday, traders said that prices remained under pressure, largely due to a bloated U.S. market and doubts that an effort led […]