Oil switched between gains and losses after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output, while India posted its strongest oil consumption in 15 months. West Texas Intermediate fluctuated, though prices remained within the US$5 range they’ve been holding since around mid-March. India’s oil-products demand in March was the strongest since late 2019 -- with gasoline use jumping the most since 2013 -- even as the country saw COVID-19 cases soar. Oil is headed for a weekly decline, with the demand backdrop still mixed. While the rollout of vaccines has shown signs of boosting ... (full story)