Futures Movers: Oil prices inch up on bets for a second weekly decline in domestic crude supplies

Oil futures inch higher on Tuesday, with expectations for a decline in U.S. crude inventories for a second week in a row providing support for prices, but the increase in coronavirus cases in parts of the world continues to weigh on demand prospects, limiting gains for oil.

Oil futures inch higher on Tuesday, with expectations for a decline in U.S. crude inventories for a second week in a row providing support for prices, but the increase in coronavirus cases in parts of the world continues to weigh on demand prospects, limiting gains for oil.