Oil markets are gaining a sense of stability. A recovery is underway as drivers return to roads–and even if the upturn in fuel demand slows, some traders are confident that the recent supply declines will prevent another collapse in oil prices, reports Amrith Ramkumar. Some U.S. companies have said they would start bringing back output in response to the price rebound. And if prices continue climbing, many investors expect more U.S. suppliers and OPEC producers to gradually increase supply. Still, the pandemic’s economic effects linger in many parts of the world. The health crisis has cast doubt on whether China can meet its targets to buy U.S. goods under this year’s hard-fought trade deal—with energy emerging as the biggest casualty, reports Josh Zumbrun this week. China remains far behind its target for purchases of American oil, natural gas, and refined petroleum products like propane and butane. The deal’s targets […]