Oil falls on resurgence of virus cases

On Friday, Oil prices dropped and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand.

Brent crude was down by 46 cents, or 1.1%, at $41.89 a barrel by 1130 GMT, and U.S. oil fell 51 cents, or 1.3%, to $39.11 a barrel.