(Bloomberg) — Oil slipped back below $40 a barrel in New York with demand concerns keeping prices in check after crude was swept up in a broader market rally following news of a potential coronavirus vaccine breakthrough.Futures lost 1.6% after surging the most since May on Monday following early findings that a vaccine developed by Pfizer Inc. and BioNTech SE protects most people from Covid-19. Even if it does prove effective, it will still take some time to approve and roll out, meaning the resurgent virus and the likelihood of more lockdown measures will continue to weigh on the short-term …read more
Source:: Yahoo Finance
