U.S. crude oil prices were down more than 2 percent in early trading on Monday as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. U.S. crude West Texas Intermediate (WTI) CLc1 dropped more than 2 percent in early Monday trading to a low of 32.43 per barrel before edging back to $32.51 by 0038 GMT (07:38 p.m. EST), still down 65 cents. Global benchmark Brent LCOc1 was down 59 cents, also almost 2 percent, to $32.96 per barrel. Monday’s falls add to an over 10 percent price drop in the first trading week of the year and when Goldman Sachs said oil could hit $20, and would see sustained low prices through the first quarter “so producers will move budgets down to reflect $40 a barrel oil for […]