Crude oil slipped toward $30 per barrel to a near 12-year low on Tuesday as heavy oversupply showed no sign of easing, while analysts scrambled to cut their price forecasts and traders bet on further declines. Prices are down around 16 percent since the start of the year, dragged lower by a glut, China’s weakening economy and stock market turmoil, as well as the strong dollar, which makes it more expensive for those using other currencies to buy oil. “The bearish sentiment surrounding the commodity has intensified,” said Brenda Kelly, head analyst at London Capital Group. International benchmark Brent crude fell to a low of $30.43 per barrel, a level last seen in April 2004, before recovering to $31.43, down 12 cents or 0.38 percent, by 1028 […]