Oil futures settled lower Dec. 22 amid pandemic-dimmed demand outlooks prompted by the spread of more lockdowns across Europe. NYMEX February WTI settled 95 cents lower at $47.02/b and ICE February Brent declined 83 cents to settle at $50.08/b. The UK’s demand for road fuels and jet fuel is taking a fresh tumble after the country’s efforts to contain a new strain of the coronavirus ripple through the European region. A number of European countries, as well as countries further afield such as India and Russia, suspended all flights and closed their borders to the UK on Dec. 21 after the UK announced details of a new coronavirus strain spreading in the country. France has temporarily halted […]