(Bloomberg) — Oil held losses near $41 a barrel in New York as signs of weakness in the American labor market cast doubt on the strength of its demand recovery, while U.S.-China relations deteriorated further.The first increase in jobless claims since March comes as lawmakers negotiate another virus relief package, with infections and deaths surging across many states. Meanwhile, Beijing ordered the U.S. to close its consulate in the city of Chengdu after the American government forced China to leave its mission in Houston. Oil was still poised to eke out a second weekly gain, buoyed earlier in the week …read more
Source:: Yahoo Finance
