Oil declined in Asia following its biggest weekly gain since June as a stubbornly persistent coronavirus and a lack of clarity over the global energy demand recovery tempered investor optimism. Futures in New York fell 1% to trade near $41 a barrel. The U.K. said the country is close to a “tipping point” as new cases surge, while there were predictions of at least one more virus cycle in the U.S. Libya, meanwhile, is moving closer to reopening its battered oil industry and money managers have cut their bullish bets on Brent crude to the lowest in five months. U.S. crude futures jumped 10% last week after a show of determination by Saudi Arabia, the most influential […]