CNBC | Oil mixed as market ponders whether crude has bottomed out CNBC Brent crude futures edged higher on Monday, adding to strong gains last week, on rising hopes the market has bottomed out though analysts warned it would still take a long time to clear a huge global glut. Brent futures were trading at $35.28 per ... Iran pushing forward with plans to ramp up oil output Bullish Oil Bets Rise as Hedge Funds See Crude Supply Tightening In slump, oil firms turn to labs, data centers for help |