Oil prices fall on supply glut, fears of second virus wave

SINGAPORE (Reuters) - Oil prices slipped more than 1% on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cuts at some of the world's top producers.Brent crude futures were down 51 cents, or 1.7%, at $30.46 a barrel by 0624 GMT, while U.S. West Texas Intermediate crude futures fell 49 cents, or 2.0%, to $24.25 a barrel.Both benchmarks have notched up gains over the past two weeks as countries have eased business..