Crude futures settled lower Dec. 11 as demand outlooks came under pressure, with US pandemic lockdowns spreading and the US Congress deadlocked on stimulus spending. NYMEX January WTI settled 21 cents lower at $46.57/b, while the $50/b level proved unsustainable for ICE February Brent, which fell back 28 cents to settle at $49.97/b. Deliberations from the US Food and Drug Administration on whether to grant emergency authorization for the Pfizer-BioNTech vaccine continued Dec. 11, extending for a second day in what many expected to be a swift approval. The UK began administering the Pfizer-BioNtech vaccine Dec. 8. French pharmaceutical company Sanofi, along with its development partner GlaxoSmithKline, announced Dec. 11 a setback in their COVID-19 vaccine development […]