Oil prices rose more than 1% on Wednesday as investors sought bargains following the previous day’s slump, but the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe and a build in U.S. crude stocks. Brent crude futures rose 69 cents, or 1.1%, to $61.48 a barrel by 0733 GMT, after tumbling 5.9% and hitting a low of $60.50 the previous day. West Texas Intermediate (WTI) crude futures climbed 63 cents, or 1.1%, to $58.39 a barrel, having lost 6.2% and touched a low of $57.32 on Tuesday. Both benchmarks touched their lowest levels since early February on Tuesday and have now fallen about 14% from their recent […]