It’s been disheartening for the bulls that oil prices have failed to break out over the past few weeks despite a flurry of positive news including declining inventories and reports that OPEC+ producers have mostly been sticking to their pledged cuts . And now the pendulum has swung to the opposite end and oil markets have to climb a new wall of worry. After a brief, half-hearted rally, oil prices have dropped back to a familiar trading range in the low-$40s after the Labor Department reported that U.S. weekly jobless claims totaled 1.106 million last week . This comes just a week after the tally dipped below the 1M mark for the first time since March, thus raising serious doubts about the sustainability of the economic recovery. “With all the bullish headlines that we’ve seen over the last weeks regarding inventories, the inability to break higher does not bode […]