Oil Posts Weekly Loss Amid Renewed Concerns Over Virus Surge
The impounded Iranian crude oil tanker, Grace 1, is silhouetted as it sits anchored off the coast of Gibraltar. (Photographer: Marcelo del Pozo/Bloomberg)

Oil Posts Weekly Loss Amid Renewed Concerns Over Virus Surge

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(Bloomberg) -- Oil fell this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand.