Brent crude futures edged up on Monday after already making up ground last week as indications mounted of the market bottoming out, but analysts warned that downward risk remained and that it would take some time to work down a huge global glut. Brent futures LCOc1 were trading at $35.24 per barrel at 0807 GMT, up 14 cents from their previous close. Since Feb. 11, the last time Brent was below $30, the crude benchmark has risen some 17 percent. U.S. crude futures CLc1 were weaker, weighed down by record American crude inventories, dipping 7 cents to $32.70 a barrel, after gaining around 27 percent since Feb. 11. “There is still a lot of downside risk … But the U.S. crude […]