Oil Prices In Limbo As Fears Of A Second COVID Wave Grow

Oil markets sent some mixed signals last week as bullish and bearish data continued to influence prices. The COVID-19 situation in the United States raised some uncertainty over the prospects of demand recovery, while the announcement of a vaccine by the University of Oxford provided significant price support and optimism.  A 2nd wave of COVID-19 may be on the horizon  Markets were increasingly concerned about a 2nd wave of COVID-19 over the past week as data reflected a sharp rise in the number of cases. We have always been…