Oil falls as fears of second coronavirus wave take hold

Oil falls as fears of second coronavirus wave take hold

Oil prices fell, on Wednesday, as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns. Brent crude LCOc1 dropped 56 cents, or 1.9 per cent, to $29.42 a barrel by 0855 GMT, having risen 1.2 per cent on Tuesday. […]

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Source: Oil falls as fears of second coronavirus wave take hold

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post culled from nigerianpilot.com