Oil edged lower with growing virus restrictions and signs the labor-market recovery may be slowing in the U.S. dampens the near-term demand outlook. Futures fell as much as 1.8% in New York before closing little changed as the dollar erased gains late in the trading session, boosting the appeal for commodities priced in the currency. U.S. equities also staged a rally. Oil’s upward momentum seen earlier this week was zapped Thursday after U.S. jobless claims rose for the first time in five weeks, presenting yet another obstacle to a sustained rebound in consumption. With coronavirus cases rising across the U.S., many states are increasing restrictions, while the Centers for Disease Control and Prevention urged Americans not to travel for Thanksgiving. “It’s not good news,” said Bill O’Grady, executive vice […]