Crude oil prices found some support in early Asia trade Wednesday from the weakening U.S. dollar, but the fear of a prolonged global oversupply will keep the rise limited. Overnight, Brent crude dipped below $40 a barrel before paring some losses in midsession, exacerbating concerns that oil prices will fall even further next year than they have in 2015. Prices for both grades have plunged around 30% year-to-date. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at $38.10 a barrel at 0307 GMT, up $0.59 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange rose $0.47 to $40.73 a barrel. The combination of tepid demand and growing surplus has plagued the oil industry since the Organization of the Petroleum Exporting Countries opted to defend market shares over prices a year ago. “With no immediate reason for prices to […]