Oil prices were little changed on Thursday as traders weighed the prospects of imminent fiscal stimulus in the US against an impeachment of President Donald Trump on Wednesday by the US House for a historic second time. Also, investors continued to assess the impact of rising COVID-19 cases globally on crude demand. China saw the biggest daily jump in new cases in over 10 months on Wednesday, with four cities in a province near Beijing are under strict lockdowns, while European countries unveiled tighter and longer virus restrictions on Wednesday. In the US, meantime, sweeping stay-at-home orders were re-instituted last month in California. Meanwhile, data from the US EIA Wednesday showed US crude oil supply fell 3.25 million barrels to 482.21 million barrels in the week ended January 8th. At around 07:00 AM GMT, WTI crude was almost flat at $52.93 a barrel, while Brent crude fell less than 0.1% to 56.01 a barrel.
