Oil prices steadied on Friday as the market was filled with uncertainty on fuel demand recovery. This came after coronavirus cases continued to surge while major oil producers began to loosen output cuts.

Oil prices fell on Friday, losing earlier gains, as the surge of new coronavirus cases in the United States raised concerns about fuel demand recovery.  Brent crude futures lost 0.7%, or 29 cents,

Oil prices dropped 2% on Thursday as a surge in new coronavirus cases in the United States and China renewed fears about a slow recovery in fuel demand. Brent crude futures lost 1.5%, or 61 cents, at $40.10

Oil prices gained on Tuesday after fuel demand turned positive as lockdowns began to ease in some parts of the world.  West Texas Intermediate crude futures were up 6.5%, or $1.33, at $21.72 per