Oil holds steady on hopes for US stimulus agreement

WTI jumped on Wednesday after data from the U.S. Energy Information Administration showed crude stocks and distillate inventories, which include diesel and jet fuel, fell more than expected in the latest week. But demand worries remain. Concerns are growing in New York, where COVID-19 infection rates continued to climb. The pandemic has infected more than 7.2 million and killed more than 206,000 people in the United States.

from Markets-Economic Times https://ift.tt/3n5iO0p