Oil traded above $71 a barrel as investors weighed the outlook for rising demand against extended anti-virus curbs in some economies, with officials tackling the challenge posed by more infectious variants. West Texas Intermediate was 0.3% higher after ending Monday little changed. Prices are set to move higher from current levels, according to Alex Sanna, head of oil marketing at Glencore Plc. Demand is likely to return to normal levels by the third quarter of next year, he said at the FT Commodities Global Summit. Crude has soared this year as vaccination programs have turned the tide against the pandemic in the U.S., Europe and China. Gasoline demand in China last month was 5% higher than during the same period in 2019, according to the median of five estimates from the nation’s top oil companies including China Petroleum & Chemical Corp., better known as Sinopec. “Continuous supply deficit is […]