Crude steady as rising European Covid-19 cases offset US oil stock draw


By Scott DiSavino NEW YORK (Reuters) - Oil prices held steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions, offsetting a bullish drop in U.S. crude and fuel inventories. Brent futures rose 16 cents, or 0.4%, to $41.93 a barrel by 2:02 p.

m. EDT (1802 GMT), while U.S. West Texas Intermediate (WTI) crude rose 37 cents, or 0.9%, to $40.30. That puts the premium of Brent over WTI on track for its smallest closing level since late May when WTI settled higher than Brent.....

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