International Brent and U.S. crude oil futures battled for a premium on Monday but both benchmarks fell in a market in which there is no end in sight for oversupply that has brought down prices by two-thirds since the downturn began in mid-2014. The international crude oil futures benchmark Brent was trading at $37.58 a barrel at 0739 GMT, down 31 cents from its last settlement. U.S. West Texas Intermediate (WTI) futures were down 47 cents at $37.63 per barrel. The two benchmarks switched between premium and discount to each other several times in post-Christmas trading, yet traders said not to interpret too much into these movements as low liquidity meant that prices could move abruptly without changes in price fundamentals. Trading volumes were down for both contracts in the […]