Oil mixed on supply cuts, fears of second coronavirus wave
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LONDON (Reuters) - Oil prices were mixed on Monday, supported by Saudi Arabia's move to reduce output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ pact, but pressured by fears of a second wave of coronavirus infections.Brent crude was down 32 cents, or 1%, at $30.65 a barrel by 1356 GMT, while U.S. West Texas Intermediate crude rose 16 cents, or 0.6%, to $24.90. Global oil demand has slumped by about 30% as the coronavirus pandemic has curtailed movement across..