Oil falls as data shows China’s economy hobbled by Covid-19
Both oil benchmarks are heading for a second consecutive week of losses, with US oil prices around 18-year lows
London — Oil prices fell on Friday, giving up early gains as China’s worst economic contraction on record outweighed news of US President Donald Trump’s plans to get the American economy moving again.
Brent was down by 10c, or 0.4%, at $27.72 a barrel by 8.15am GMT while US crude for May delivery tumbled by $1.54, or 7.8%, to $18.33. The more active June contract was down 3c, or 0.1%, at $25.50...