Analysts are growing even more bearish about the oil price, predicting that crude is set to stay below $60 a barrel through next year as the market struggles to recover from a supply glut. Even as the oil price lingers at levels not seen since the depths of the financial crisis, many analysts and investors are repeating a new crude mantra: lower for longer. A survey of 13 investment banks by The Wall Street Journal cut their average forecast for Brent crude, the international price gauge, by $9 to $58.70 a barrel, compared with last month’s survey. For West Texas Intermediate, the U.S. oil marker, the average forecast is for $54.40 a barrel, also down $9 from August. “There is still a lot of excess oil around and that will limit any material price improvements until the second half of 2016,” said Gareth Lewis-Davies, an oil strategist at BNP […]