The ‘’Second Wave’’ Of COVID-19 Could Crush Oil Markets

The oil price rally may have come to an end, with the long-feared “second wave” of coronavirus infections having now arrived, posing renewed threats to the global economy.  A new outbreak of infections in Beijing over the weekend prompted a “war-time” response from the Chinese government, a top city official said. Schools, sports venues, malls and supermarkets saw another round of closures and checkpoints.  Across the U.S., infections are rising in many states, even as Americans display weariness and reluctance…