Oil falls as US crude inventories rise and Libya increases supply
The resurgence of coronavirus and possible lockdowns around the world are raising concern about stalling oil demand
London — Oil edged lower on Wednesday trading below $42 a barrel, pressured by a report that US crude inventories unexpectedly rose and as growing numbers of coronavirus cases around the world raised concern of stalling demand.
The American Petroleum Institute said crude inventories rose by 691,000 barrels rather than falling as analysts forecast. Official inventory numbers from the Energy Information Administration are due at 2.30pm GMT...