The Next Big Wildcard For Oil Markets

U.S. West Texas Intermediate crude oil is edging lower at the end of the week with prices being dragged down by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations. Nonetheless, the markets remain on track for a hefty monthly gain. The WTI contract is also in a position to post its first weekly loss after four consecutive weeks of gains that leaves it set for its biggest monthly gain in years thanks to production cuts and optimism over Chinese-led demand recovery, analysts said.…