Oil held above $70 a barrel on Wednesday as signs of rising fuel demand in the United States were balanced by concerns about travel curbs in Asia caused by the spread of the COVID-19 Delta variant. Industry data showed U.S. crude and gasoline inventories fell last week, while the U.S. Energy Information Administration said U.S. job growth and increasing mobility have boosted gasoline consumption so far this year. “The EIA’s upbeat demand forecasts for this year helped alleviate fears of a deteriorating near-term outlook,” said Stephen Brennock of oil broker PVM. Brent crude fell 9 cents, or 0.1%, to $70.54 a barrel at 0915 GMT, following a 2.3% rally on Tuesday. U.S. West Texas Intermediate (WTI) gained 4 cents to $68.33, adding to a 2.7% jump on Tuesday. Prices “appear to lack the momentum to stage meaningful revivals as Delta-variant fears continue to weigh,” […]