Oil prices plunged on Wednesday due to fears of a possible second coronavirus wave and a continuous rise in U.S. crude inventories.  Market worries dwarfed Saudi Arabia s call for further output

Oil prices plunged on Tuesday amid concerns of rapidly filling crude storages globally. On top of that, demand may only recover once restrictions on economic and social activity will be lifted. U.S. West

Oil gained more than 1% on Tuesday as the U.S. energy forecasting agency said that shale output would have a record decline in April, adding to production cuts agreed between other major oil producers.

The agreement to cut production between the world s oil producers may support stocks to recover losses. However, lockdowns and other restrictions remain pressing to the global economy. OPEC and its