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Oil Dips With Near-Term Demand Concerns Holding Back Rally Bloomberg 1/26/2021 Andres Guerra Luz (Bloomberg) -- Oil edged lower as the worsening near-term coronavirus outlook raised concerns over the obstacles still facing crude’s fledgling recovery. Futures in New York fell less than 1% Tuesday after a choppy session. While much of the world awaits a wider distribution of the vaccine, a coronavirus flare-up in China is threatening fuel demand during the Lunar New Year. Oil pared most of its loss for the day after the American Petroleum Institute was said to report a drop ...

Oil Dips With Near-Term Demand Concerns Holding Back Rally Bloomberg 1/26/2021 Andres Guerra Luz (Bloomberg) -- Oil edged lower as the worsening near-term coronavirus outlook raised concerns over the obstacles still facing crude’s fledgling recovery. Futures in New York fell less than 1% Tuesday after a choppy session. While much of the world awaits a wider distribution of the vaccine, a coronavirus flare-up in China is threatening fuel demand during the Lunar New Year. Oil pared most of its loss for the day after the American Petroleum Institute was said to report a drop ...

Oil advanced after settling at a fresh 10-month high, with an industry report showing U.S. crude inventories fell by more than expected.