Crude contracts have been trading in $2-2.5 per barrel range for two weeks

Prices found some support from hopes of US fiscal package

Some European countries reviving curfews, lockdowns to fight surge in new virus cases

Support comes from supply cuts in the Gulf of Mexico, offshore workers’ strike in Norway

Prices dip after Trump ended talks on economic aid package

Rally in world stock markets, expectations of new US stimulus package also boost oil

Prices slumped more than 4% on Friday following Trump’s diagnosis

Rising global oil output threatens to overwhelm weak price recovery

Rising number of new corona cases in US, Europe limits upside potential for oil

Fuel demand in the US remains subdued as pandemic limits travel