With depressed oil prices poised for a second-straight weekly advance, closely followed analyst John Kilduff said Friday the bounce from 12-year lows won’t last. West Texas Intermediate crude was steady early Friday, after gaining nearly 3 percent Thursday on hopes of a deal among OPEC countries and Russia to cut production to tackle the growing supply glut. “This whole story line about there being a coordinated production cut plan is just rubbish,” said Kildfuff, the founding partner of Again Capital, an alternative investment manager specializing in energy and metals. Russian Deputy Prime Minister Arkady Dvorkovich on Friday played down expectations for an output cut agreement, saying Moscow would not intervene to balance the market. “We take the position that our oil sector is, to a significant extent, private, and is commercially minded. It is not under the direct control of the state. Our market is governed by the decisions […]