Oil was steady on Wednesday, trading in a narrow range, supported by optimism about improving U.S. fuel demand and a weak dollar, but with the prospect of a return of Iranian oil to markets putting pressure on prices. Brent was 14 cents, or 0.2%, higher at $68.79 a barrel by 0839 GMT, and U.S. West Texas Intermediate (WTI) crude was up 1 cent, or less than 0.1%, at $66.08 a barrel. “Physical demand has been improving in both Europe and the United States as a slowdown in new Covid cases has been pushing up mobility,” said ING analyst Warren Patterson. The northern hemisphere’s summer driving season and a lifting of coronavirus curbs have pushed up the demand. As a result, U.S. crude oil and fuel inventories fell last week, said two market […]