Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns ...Middle East

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Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns
TOKYO: Oil prices edged lower on Monday as the recovery of a major US pipeline network eased concerns over supply and a new wave of Covid-19 restrictions in Asia fuelled fears of lower demand.Gasoline shortages that have plagued the US East Coast slowly eased on Sunday, with 1,000 more stations receiving supplies as Colonial Pipeline's 5,500-mile (8,900-km) system recovered from a crippling cyberattack.Brent crude oil futures were down 8 cents, or 0.1%, at $68.63 a barrel as of 0036 GMT, and West Texas Intermediate (WTI) crude was down 7 cents, or 0.1%, at $65.30.The two contracts jumped nearly 2.5% on Friday and managed to book a small gain last week, marking a third consecutive weekly incr

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