(Bloomberg) — Oil kept falling after its first weekly drop since late April as a fresh coronavirus outbreak in China and increases in cases elsewhere added to concern a second wave of infections will threaten a nascent economic recovery.Futures in New York edged lower toward $35 a barrel after losing 8.3% last week. Beijing closed the city’s largest fruit and vegetable supply center and locked down nearby housing districts over the weekend after dozens of people associated with the market tested positive for the virus. Florida, meanwhile, is among some U.S. states that are still seeing sharp increases in cases.The …read more
Source:: Yahoo Finance
