(Bloomberg) — Oil fell to a four-month low, deepening Wednesday’s slump as lockdown restrictions grow in Europe.Futures in London lost 3.9%, declining as the dollar reversed an earlier loss to trade higher. Germany and France, the European Union’s two biggest economies, will clamp down on movement for at least a month to try and curb Covid-19’s spread. There are already signs that road use in Europe is slumping, weighing on oil consumption.As the impact of the virus rears its head across markets once again, oil is also contending with supply issues too. American crude inventories rose the most since July …read more
Source:: Yahoo Finance
