Brent crude LCOc1 was down by 7 cents, or 0.2%, at $42.28 a barrel by 0114 GMT after falling more than 2% on Thursday. U.S. oil CLc1 fell 13 cents, or 0.3%, at $39.49 a barrel after a drop of 3% in the previous session.
While many analysts are expecting economies and fuel demand to recover from the pandemic, record daily increases in coronavirus infections this week in the United States, the world’s biggest oil consumer, raised concerns about the pace of any recovery. In Australia, the government on Friday will consider reducing the number of citizens allowed to return to the country from overseas, after authorities ordered a new lockdown of the country’s second-most populous city, Melbourne.
In India, viruses and oil prices both are rising
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