Oil falls but still set for biggest monthly gain in years

LONDON (Reuters) - Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations, but were still on track for a hefty monthly gain.July Brent crude fell 61 cents, or 1.73%, to $34.68 a barrel by 1408 GMT while the more active August contract lost 58 cents, or 1.61%, to $35.45. U.S. West Texas Intermediate (WTI) crude was down 44 cents, or 1.31%, at $33.27.Both contracts were on course..