Oil prices retreated Tuesday and a month-long rally is faltering as traders return their focus to a heavy oversupply in storage. Light, sweet crude for April delivery settled down 84 cents, or 2.3%, to $36.34 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 79 cents, or 2%, to $38.74 a barrel on ICE Futures Europe. After more than a month of gains, crude is now down in three of the last four sessions. Both the U.S. and global benchmarks are down nearly 6% from the calendar year highs they settled at last week. There have been some bullish signs on declining supply and surging demand, but not enough to fundamentally alter a market that has been oversupplied and crashing for nearly two years, analysts said. Of the three major international agencies that recently released updated outlooks, none tightened their forecast for oversupplied markets, Dominick […]