Oil falls to below $40 a barrel once again
Record-high US crude stocks and a resurgence in coronavirus cases are casting doubt on a recovery in fuel demand
25 June 2020 - 12:15
London — Oil slipped below $40 a barrel on Thursday after a more than 5% fall the previous session, as record-high US crude inventories and a resurgence in coronavirus cases cast doubt on a recovery in fuel demand.
US crude stocks rose 1.4-million barrels to a record high, the Energy Information Administration said on Wednesday. This hit crude prices, as other details the EIA reported such as fall in gasoline stockpiles, lent limited support...
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