Oil prices see weekly loss on virus resurgence fears - Reuters:
Oil was little changed on Friday and logged a first weekly decline since April as new U.S. coronavirus cases spiked, stoking fears of a second wave of the virus hitting fuel demand.
Brent settled at $38.73 a barrel, up 18 cents, while West Texas Intermediate settled at $36.26 a barrel, down 8 cents.
Both benchmarks logged weekly declines of about 8%, their first after six weeks of gains that have lifted prices off April lows.
With about half a dozen U.S. states reporting spikes in new infections, fears that the coronavirus pandemic may be far from over has brought the rally to a halt.
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