Oil Futures Capped By Demand Concerns

U.S. West Texas Intermediate crude oil futures are set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya. The U.S. benchmark is also heading for a monthly loss. Demand Outlook U.S. fuel demand remains under pressure as the pandemic constrains travel.  The four-week average of gasoline demand last week was 9% below a year earlier, government data showed on Wednesday. Demand is likely to weaken…