WTI looks to recapture the $42 mark. US stimulus and covid-led growth concerns weigh on oil. Focus remains on the covid and stimulus updates. WTI (futures on NYMEX) is looking to regain the $42 level, recovering from Thursday’s temporary reversal from multi-day highs of $42.68. Despite the renewed uptick, the bulls are finding it difficult to extend control amid a lack of appetite for riskier assets, in the face of looming risks of the coronavirus escalation on the global economic recovery and rolling back of the Fed’s crisis response. The renewed hopes of the resumption of the US fiscal stimulus talks were washed ... (full story)