Oil falls for second day as worsening pandemic threatens demand drop

Brent crude was down 36 cents, or 0.9%, at $40.57 a barrel at 0055 GMT, after falling more than 3% on Thursday. U.S. oil was also 36 cents, or 0.9%, lower at $38.36, having fallen nearly 4% in the previous session. U.S. oil is heading for a drop of nearly 5% this week, while Brent is on track to fall more than 3%, in a second consecutive week of decline for both contracts.

from Markets-Economic Times https://ift.tt/3n3WDrw