Oil falls as fears of second coronavirus wave take hold, U.S. stockpiles rise
Share:
TOKYO (Reuters) - Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed U.S. crude inventories are still rising.The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after the Organization of the Petroleum Export Countries' (OPEC) biggest producer said earlier..