With the world still awash with excess oil, analysts believe it may be premature to call an end to the rout that has driven the crude price below $30 a barrel this month, but the bulls are slowly emerging from hibernation. Speculators are now holding their largest net long position in Brent crude futures in six months, having added to their bullish bets exactly as the price crashed through the $30-a-barrel mark for the first time since 2003. [O/ICE] [CFTC/] Persistent oversupply, greater resilience among the higher-cost producers to low oil prices and slower growth in the likes of China have prompted a raft of investment banks to slash their price outlooks and for the ratings agencies to issue warnings about hundreds of […]