Oil steady as hopeful economic data face spike in coronavirus cases

Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices.
 

Brent crude settled at $43.10 a barrel, up 30 cents.
 

US West Texas Intermediate (WTI) crude settled at $40.63 a barrel, down 2 cents.
 

"The competing forces in the oil market right now are the reopening of economies around the world, increasing oil demand, countered by concerns about economies closing around the world due to a resurgence in the number of virus cases," Andy Lipow, president of consultants Lipow Oil