Oil fell for a third day after data showed a rise in U.S. stockpiles and investors fretted over an uneven recovery in global demand, with India reporting a record one-day surge in Covid-19 cases above 300,000. West Texas Intermediate shed 0.5% following a fall on Wednesday, when government figures showed the first rise in American stockpiles in a month. The flare-up in coronavirus cases in India, the third-largest oil importer, is hurting consumption, with curbs reimposed in major cities. That’s offsetting positive signals on demand from other economies including China and the U.S. Domestic oil inventories rise for first week in a month Crude’s run of losses is threatening to push prices back toward $60 a barrel, eroding gains last week that were underpinned by positive forecasts for worldwide energy demand from the International Energy Agency and Organization of Petroleum Exporting Countries. U.S. futures are still up by more […]