Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere. Futures in New York rose this week, extending its monthly gain to 7.5%. The near-certain likelihood of higher fuel consumption in the U.S., China and the U.K has brightened the overall demand outlook, even as a resurgent pandemic in countries such as India, Brazil and Japan cloud those prospects. OPEC and its allies see world consumption rebounding by 6 million barrels a day this year, while Goldman Sachs Group Inc. this week said demand could post a record jump as vaccination rates increase. “The U.S. is going to lead the demand recovery” and “now that Covid cases […]