Oil prices headed for a second year of steep losses, despite inching up fractionally in the last trading hours of 2015, as record OPEC supply created an unprecedented global glut that may take another year to clear. U.S. West Texas Intermediate (WTI) crude futures traded 11 cents higher at $36.71 a barrel at 0936 GMT (4.36 a.m. ET) on Thursday and Brent was 20 cents higher at $36.66 a barrel. Prices fell 3 percent on Wednesday as crude inventories in the United States rose 2.6 million barrels last week, the U.S. Energy Information Administration said, echoing high stocks in Europe and Asia. [EIA/S] “We have brimming oil inventories in Europe. And our predictions are that oil inventories in Asia are going to get closer to saturation in […]