Oil futures edged lower for a second straight session on Monday in thin trade as European markets observed the Easter holiday and as hedge funds and other big speculators were still hesitant to wager on a two-month long price rebound amid hefty crude inventories. Sentiment in Brent and U.S. crude’s West Texas Intermediate (WTI) futures remained soft with investment banks, such as Barclays and Macquarie, warning that market fundamentals were weak enough to pull prices back to $30 a barrel levels. “There’s just been too much U.S. crude builds lately for the market to ignore,” said Tariq Zahir, who is betting WTI for delivery in the near-term will weaken further versus long-term contracts, expanding the market’s so-called contango structure. Brent LCOc1 settled down 17 cents at $40.27 a […]