Oil in freefall amid fears of second wave of Covid-19

Virus fears compound record increase in weekly US crude inventories to send values plunging

Cuts: Saudi Energy Minister Prince Abdulaziz bin Salman — Cuts: Saudi Energy Minister Prince Abdulaziz bin SalmanPhoto: AP/SCANPIX

Nassir Shirkhani

Tehran

oil Abdulaziz Riyadh Jerome H Powell Kuwait

Published 11 June 2020, 14:05Updated 11 June 2020, 20:20