Even with a global glut in oil supplies set to last well into 2017, indications are emerging that a recovery in prices could get underway sooner rather than later. Oil prices have fallen by two-thirds since mid-2014 to trade near 11-year lows below $40 a barrel and most analysts don’t expect them to regain the $100 mark until 2017 or later, arguing that producers will continue to pump out more crude than is demanded. A growing number of traders are, nonetheless, positioning themselves for notably higher prices a year from now through the purchase of bullish call options. Open interest in Brent crude call options tied to […]