Oil prices rebounded on Tuesday following positive import numbers out of China, but the market was reminded of its longer term problems as a top energy watchdog said the global glut in the commodity will continue into 2016. Prices received support from Chinese data showing an increase in crude imports last month and as some investors bargain-hunted following oil’s 5% slump on Monday. The International Energy Agency, which represents some of the world’s largest oil consumers, said Tuesday that oil demand will slow next year while supply will continue to be strong amid an expected return of Iranian crude to the market. “The market may be off balance for a while longer,” the Paris-based agency said in its monthly report. Brent crude, the global oil benchmark, rose 1.3% to $50.88 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading […]