Monday, December 23, 2024
Oil steadies on resurgence of virus cases- oil and gas 360

Oil steadies on resurgence of virus cases

Reuters LONDON  – Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand. Brent crude was up by 1 cent, or 0.02%, at $42.36 a barrel by 1338 GMT, and U.S. oil was up 4