US
Court battle over results can cause additional uncertainty in crude market
Claim viewed as bullish for oil because of Iran sanctions, support for OPEC oil cuts
Concern over surging coronavirus cases around the world caps further gains
OPEC and allies will be monitoring deteriorating demand outlook closely
Rising coronavirus infections in US, Europe stoke weaker fuel demand worries
Producers have shut 293,656 bpd of oil output due to Hurricane Zeta
Crude got support from Putin’s comments as he did not rule out extending oil output cuts
High inventories signal deteriorating demand outlook as virus cases soar
Spike in global Covid-19 cases fuels fears of stalled oil demand recovery
Crude contracts have been trading in $2-2.5 per barrel range for two weeks