Oil Prices Fall As Concerns About Second Wave Weigh On Markets

Oil prices slid early on Friday and were on track for a flat weekly performance, as new coronavirus cases in Europe and the United States continued to spike, alarming the market that the oil demand recovery will be derailed. As of 10:25 a.m. EDT on Friday, WTI Crude prices were trading down 1.10 percent on the day, at $40.49. Brent Crude was down 1.14 percent at $42.66. A stronger U.S. dollar, which makes buying oil more expensive for holders of other currencies, also weighed on oil prices on Friday. This week, oil prices have been dragged down…