Crude gained after signals of shrinking stockpiles in the U.S., but fears of the virus crimping demand are holding futures back from rallying past $40 a barrel. The Energy Information Administration reported domestic crude inventories fell 7.2 million barrels last week, the biggest retreat since December, and at the nation’s biggest storage hub in Cushing, Oklahoma, supplies fell for an eighth straight week. Yet implied fuel demand ticked lower, deepening worries that accelerating coronavirus cases will limit the market’s recovery. “In Cushing, we’re down to 45 million barrels in inventory. We’ve dropped from 65 million barrels in early May, which is pretty stinking meaningful,” said Matt Sallee, a portfolio manager at Tortoise. Crude has climbed from negative territory in April […]