Oil falls amid worry about second wave of virus
Brent slips on concern about a resurgence of cases in countries starting to ease lockdowns
13 May 2020 - 09:39
Tokyo — Oil prices fell on Wednesday on the worry about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in US crude inventories.
The concern overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after Opec’s biggest producer said earlier this week it planned to add to cut output again...
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