Oil prices dipped on Tuesday, with Brent set to extend its losing streak to an eighth day, as investors remain concerned about a global glut and mild winter demand that sent prices close to 11-year lows during the previous session. Brent LCOc1, the global benchmark, was at $37.77 at 0718 GMT, down 15 cents from its last settlement after rising slightly earlier in the session. The contract on Monday bottomed out at $36.33 a barrel, only a few cents above the $36.20 low last seen during the 2008 financial crisis. Falling below that level would take Brent to prices not seen since the middle of 2004. U.S. crude CLc1 was at $36.20, down 11 cents. Bearish sentiment remains strong, fuelled by an OPEC decision earlier in December to abandon […]