Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices. Front-month U.S. crude futures were trading at $44.69 per barrel at 1.57 a.m. ET, 9 cents above their last close but more than 12 percent below their October peak. International benchmark Brent was 8 cents higher at $48.07 a barrel, but over 10 percent below this month’s high. Goldman Sachs said that oil prices could drop “sharply lower” as refined product storage sites come close to filling, stoking a glut that has already seen crude prices fall by more than half since June 2014. ANZ said it expected prices to remain low for the rest of this year, due to […]