Oil steadies as coronavirus demand concerns outweigh weak dollar

NEW YORK: Oil were mostly steady on Thursday as rising US fuel inventories and concerns about the impact of surging coronavirus cases on energy demand offset a weaker dollar, which is usually supportive.

Brent futures fell 8 cents, or 0.2%, to $44.21 a barrel by 11:57 a.m. EDT (1557 GMT), while US West Texas Intermediate (WTI) crude rose 12 cents, or 0.3%, to $42.02.