Oil prices slipped on Thursday as hopes for a vaccine were overshadowed by a surge in new cases of the coronavirus around the world, which raised concerns about the outlook for crude demand. Brent crude LCOc1 settled down 14 cents to $44.20 a barrel. U.S. West Texas Intermediate crude CLc1 slipped 8 cents to settle at $41.74 a barrel. The Brent price contango LCOc1-LCOc7 , a market structure in which near-month barrels are cheaper than those in later months, implying current oversupply, was at its shallowest in more than four months. This suggests concerns about a glut are easing. “COVID is definitely weighing on the market,” said Bob Yawger, director of energy futures at Mizuho in New York. […]