Oil futures were settled near five-month lows Oct. 30 as rising COVID-19 cases continued to weigh on demand outlooks. NYMEX December WTI settled 38 cents lower at $35.79/b, and ICE December Brent was down 19 cents at $37.46/b. Front-month WTI last settled lower June 1, while Brent futures were the weakest since May 29. The slide comes as Europe’s two largest economies, Germany and France, prepare to enter partial one-month lockdowns aimed at halting a growing second wave of the pandemic. European energy demand was already trending lower ahead of the lockdowns. Based on activity at workplaces, retail and recreational sites, and transport hubs, average mobility indexes in Germany, the UK, France, Italy, […]