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Oil steadies below $52 as U.S. stimulus counters weak demand

Oil steadies below $52 as U.S. stimulus counters weak demand

Oil fell - after posting its first weekly loss since October - as a new Covid-19 strain raised the risk of more lockdown measures and as President Donald Trump declined to sign a long-awaited US stimulus bill. Brent crude futures climbed 36 cents, or 0.7%, to $51.22 a barrel, as of 0151 GMT and US West Texas Intermediate (WTI) crude futures...

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Alexander Novak NY U.S. US United States WTI