Oil retreats in face of renewed coronavirus uncertainties

LONDON (Reuters) - Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian data fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.Brent crude was down $1.06, or 1.8%, at $58.25 a barrel by 1258 GMT, while U.S. crude dropped 84 cents, or 1.6%, to $53.04."With Brent failing to breach the $60 level on Thursday despite better than expected U.S. oil inventory data, rising market uncertainty is dragging down..