Oil edged up with support from U.S. equities, but pandemic-driven demand concerns capped the price rebound. Crude futures in New York managed to close 0.5% higher on Monday, boosted by a stronger equity market. Still, the coronavirus is raging around the globe — infections flared by a record in Hong Kong, Los Angeles is on the brink of another stay-at-home order and the new rate of people testing positive for the first time in Florida climbed to nearly 15%. “The rising infection rates are adding doubt to the idea that demand is going to recover uninterrupted,” said Bart Melek, head of global commodity strategy at TD Securities in Toronto. “This virus in no way is done, but continues to be a big issue.” Crude has been stuck in a holding pattern […]