Oil Extends Losses on Fears Second Virus Wave Will Hit Economy
A pedestrian passes oil storage silos at an oil and gas storage facility, operated by Gazprom Neft PJSC, in Belgrade, Serbia. (Photographer: Oliver Bunic/Bloomberg)

Oil Extends Losses on Fears Second Virus Wave Will Hit Economy

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(Bloomberg) -- Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery.