Oil prices could be in for a correction in the near term if fuel demand recovery further stalls amid surging coronavirus cases in the United States, Barclays said on Thursday, a day after the EIA reported a surprise crude inventory build. “We are not there yet in terms of fundamentals for the next leg higher,” analysts at Barclays Commodities Research wrote in a note, as carried by Reuters. On Tuesday, oil prices hit their highest levels in more than four months , thanks to promising results in a coronavirus vaccine trial and the European Union reaching a historic stimulus package deal after five days of marathon talks. Prices returned to the levels last seen just before Saudi Arabia and Russia broke up the OPEC+ pact on March 6. While vaccine hopes offset fears of surging COVID-19 cases in the U.S. earlier this week, the API and the EIA reported […]