Brent crude LCOc1 was down by 25 cents, or 0.6%, at $42.10 a barrel by 0341 GMT after falling more than 2% on Thursday. U.S. oil CLc1 fell 33 cents, or 0.8%, at $39.29 a barrel after a drop of 3% in the previous session.
While many analysts are expecting economies and fuel demand to bounce back from the pandemic, record daily increases in coronavirus infections in the United States, the world’s biggest oil consumer, raised concerns about the pace of any recovery. More than 60,500 new COVID-19 cases were reported in the United States on Thursday, setting a daily record, with Americans being told to take new precautions. The tally was also the highest daily count yet for any country since the pathogen emerged in China late last year.
Invest in tomorrow cause yesterday's gone.
Excellent! Second wave of stock declines and purchases are coming..... 🎉
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