LONDON: Oil steadied above $42 a barrel on Friday, heading for a weekly drop, as demand concerns raised by surging coronavirus cases in the United States and Europe were offset by the prospect of an extension to OPEC-led supply curbs.
Several U.S. states reported record daily increases in infections on Thursday, while France extended curfews for about two thirds of its population as the second wave of the COVID-19 pandemic sweeps across Europe.
