US
OPEC+ raising output this month by adding 1.5 million bpd of supply
Positive manufacturing data in Europe, Asia caps losses
Potential hit to demand comes as OPEC+ is set to step up output in August
Demand concerns amid record increases in Covid-19 infections in some US states cap gains
US fiscal package deadlocked in talks between Democrats and Republicans
Brent on track for fourth straight monthly gain; WTI set to rise for third month
China ordered US to close its consulate in Chengdu after US demand Beijing shut its Houston consulate
Analysts predict correction in near term if recovery in fuel demand slows further
Positive news about vaccine trials and EU stimulus deal boost prices
EU leaders showing signs of compromise over carving up €750b recovery fund