Oil drops 2nd day as surging coronavirus cases prompt demand worries
TOKYO: Oil prices fell for a second day on Wednesday, extending big losses from the previous session amid rising concerns about fuel demand as the coronavirus pandemic worsens.
Brent crude dropped 23 cents, or 0.6 per cent, to $41.03 per barrel by 0048 GMT. West Texas Intermediate fell 26 cents, or 0.7 per cent, to $39.29.
The benchmarks fell more than 3 per cent on Tuesday as global COVID-19 cases passed 1 million, having doubled in three months.
