Oil fell the most in roughly a week after France announced it will start a month-long lockdown. (Bloomberg) — Oil fell the most in roughly a week after France announced it will start a month-long lockdown, while OPEC+ voiced its concerns about the strength of oil demand ahead of an expected decision this week on output. Futures in New York fell 2.3% on Wednesday to the lowest in nearly a week, with French President Emmanuel Macron saying the pandemic is more dangerous than it was in the fall in his address to the nation. The deteriorating near-term demand picture in Europe offset a surprise oil supply draw in the U.S. and other bullish signals pointing toward rising demand as more Americans are vaccinated. “The news out of France is very troubling for the petroleum complex,” said John Kilduff, a partner at Again Capital LLC. “The Covid situation worsening, particularly […]