Reports suggest a decision on whether to deploy military tanker drivers has yet to be taken but 150 will get ready
Oil prices are falling for a second day as crude’s rally petered out, with Brent crude – the global benchmark – down 1.7% at $77.75 a barrel and US light crude trading 1.8% lower at $73.9 a barrel. US crude inventories unexpectedly rose and doubts over demand have resurfaced as Covid-19 cases continue to climb around the world.
Oil prices had been rallying as economies recover from the coronavirus crisis and fuel demand has picked up, while some oil producing countries have suffered supply disruptions.
Europe’s stock markets have opened higher, rebounding from yesterday’s losses.
