Prices fell this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdowns and further stifle oil demand. New York futures edged lower Friday and fell 2.1 percent on the week closing at $40.25 in New York and $41.92 in London. The oil markets are contending with growing supplies. Oil traders expect a sharp increase in Iraqi exports next month, while exports resumed from several Libyan oil terminals. Some analysts say that until the world gets a vaccine, there are widespread reopenings, and a meaningful increase in travel, there will not be a pick-up in demand and a ... (full story)