Oil prices rose on Monday as futures traders bet the market may have bottomed after recent falls, even as physical markets remain bloated, especially from a relentless rise in U.S. drilling. Brent crude futures LCOc1 were at $48.29 per barrel at 0651 GMT, up 14 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $45.95 per barrel, up 12 cents, or 0.3 percent. Traders said that the price rises came on the back of speculative traders upping their investment into crude futures, by taking on large volumes of long positions. The rise in long positions comes after Brent and WTI crude fell by around 10 percent below their openings of May 25, when an OPEC-led policy to cut output was extended to cover […]