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 were trading at $35.24 per barrel at 08-07 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 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.
