Yellen Remarks Boost Oil Prices but Market Is Still Oversupplied

Oil prices gained steam on Friday after Federal Reserve Chair Janet Yellen downplayed chances of a U.S. recession in a speech on Thursday, but the market is still oversupplied, according to one analyst. 'There is still a risk that the price may fall a little bit before a sustained recovery happens,' said Spencer Welch, an oil analyst with IHS, based in London. TheStreet's Scott Gamm reports from Wall Street.