Oil falls on worries about a new surge in coronavirus infections – ZAWYA

Oil falls on worries about a new surge in coronavirus infections – ZAWYA

Oil falls on worries about a new surge in coronavirus infections Oil falls on worries about a new surge in coronavirus infections | ZAWYA MENA Edition HomeMarketsCommoditiesArticleOil falls on worries about a new surge in coronavirus infections Brent crude slipped 47 cents, or 1.1%, to $42.16 a barrel    Image used for illustrative purpose. A general view shows the French oil giant Total Refinery in Donges, France, December 20, 2019. LONDON- Oil prices fell on Wednesday, reversing the previous session's surge, as record high inventories and worries about a second wave of the coronavirus pandemic outweighed support from a gradual reopening of global economies.Brent crude was down 81 cents, or 1.9%, to $41.82 a barrel by 1148 GMT a day after hitting its highest level since a price plunge began in March.The benchmark crude has climbed from below $16 in April but remains a third lower than its level at the end of 2019.Brent crude was down 81 cents, or 1.9%, to $41.82 a barrel by 1148 GMT a day after hitting its highest level since a price plunge began in March.LONDON- Oil prices fell on Wednesday, reversing the previous session's surge, as record high inventories and worries about a