For the week, WTI increased by $1.57 per barrel, closing at $49.81. Brent rose $2.83 to $51.93, while Dubai crude closed at $49. Thaioil forecasts that WTI this week will move within the range of $47 and $52, and Brent will trade between $49 and $54. Prices are expected to remain buoyant as major players hold more talks about production cuts, and as US inventories continue to decline. However, gains could be capped by a continuing rise in US rigs and more supply from Nigeria and Libya. Among the factors expected to influence trade: