Oil edged higher with help from a weakening dollar while a worsening demand picture in parts of the world continued to hold back prices from another breakout. Futures in New York rose 0.4% Monday after trading in a $1 range during the session. Total road fuel sales in France remained lower compared to the same time in 2019, while a key refiner in India is slashing oil processing rates as the virus rapidly spreads and lockdowns pummel fuel use in the country. The Bloomberg Dollar Spot Index headed for the lowest since late February, boosting the appeal of commodities priced in the currency. “Energy consumption in areas that are reopening faster than others is showing the increased demand for oil,” said Phil Streible, chief market strategist at Blue Line Futures LLC in Chicago. “Other places will start to […]