UK: Oil falls on rising stocks, worries of new virus wave
LONDON (Reuters) - Oil prices fell on Wednesday, reversing the previous session’s surge, as record high inventories and worries about a second wave of the coronavirus pandemic outweighed support from a gradual reopening of global economies.
Brent crude were down 43 cents, or 1%, to $42.20 a barrel by 1020 GMT a day after hitting its highest level since a price plunge began in March.
The benchmark crude has climbed from below $16 in April but remains a third lower than its level at the end of 2019.