(Bloomberg) — Oil fell on signs that the recovery in oil consumption may be starting to slow.Futures in New York fell below $41 a barrel after struggling to surpass their highs from June in recent days. Indian road fuel sales fell in the first half of July as localized virus lockdowns occurred in several cites, and the Chinese city of Urumqi locked down some areas amid fears of another outbreak in the country. American unemployment figures barely dropped last week, highlighting the risks to a broader economic recovery.Though demand concerns are returning in some of the world’s largest consuming regions, …read more
Source:: Yahoo Finance
