Oil rose toward $60 a barrel as investors assessed an uneven global demand outlook amid rising Covid-19 cases in some regions, with the market bracing for an impending increase in supply. Futures in New York added 0.4% after rising 0.6% Monday as China trade data signaled strong momentum in March, despite missing estimates. Pockets of higher consumption are emerging worldwide as vaccinations climb, but the flare-up of cases is leading to renewed restrictions in some countries. That includes deserted streets in India as the nation tackles a second wave. Oil futures are holding near $60 after a rally faltered Oil remains stuck near $60 a barrel after a rally faltered in mid-March amid concerns over near-term demand following the resurgence of the virus . Adding to the bearish outlook is the prospect for more supply from the U.S. next month, which will coincide with an uptick in OPEC+ output. […]