Oil prices dropped 8% due to fear of second wave of Coronavirus

Oil prices plunged on Thursday as investors worried about the risk of a second wave of Covid-19 and doubts about the dynamism of the economy’s recovery. The WTI barrel in New York for July delivery lost 8.2% to $36.34. And in London the North Sea Brent barrel for delivery in August ended at US$ 38.55, down 8.2%. This is the largest daily drop in crude since late April.

Source: El Deber