As oil traders have learned time and again, picking a bottom in today’s glutted global market can be a fool’s game: just when prices start to rebound, as they have three times this year, a wave of renewed bearishness smacks them back down. With oil resuming its southward march due to yet more oversupply, closing in on $35 a barrel after trading at $100 in June 2014, any number of factors could indicate when the rout may finally be over – for real this time. 1) PUMP THAT SHALE! OR NOT The United States is still pumping near-record volumes of crude, while OPEC is keeping output near all-time highs to maintain market share. But the strain is starting to show. U.S. […]