Barclays: Oil Could See Correction If Fuel Demand Recovery Stalls

Oil prices could be in for a correction in the near term if fuel demand recovery further stalls amid surging coronavirus cases in the United States, Barclays said on Thursday, a day after the EIA reported a surprise crude inventory build.   “We are not there yet in terms of fundamentals for the next leg higher,” analysts at Barclays Commodities Research wrote in a note, as carried by Reuters. On Tuesday, oil prices hit their highest levels in more than four months, thanks to promising results in a coronavirus vaccine trial and…