Oil steady as coronavirus lockdown fears offset gasoline recovery signs


Oil prices were little changed on Thursday as concerns about renewed COVID-19 lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand. U.S. West Texas Intermediate (WTI) crude futures dipped 3 cents, or 0.07%, to $40.

87 a barrel by 0443 GMT, after rising 0.7% on Wednesday. Brent crude futures edged up 2 cents, or 0.05%, to $43.31, after gaining 0.5% on Wednesday. "The market's struggling to get strong conviction to the upside at the current point in time," said Lachlan Shaw, head.

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