Oil prices fell on Wednesday on persistent worries about oversupply amid global coronavirus-related lockdowns and as the International Monetary Fund (IMF) warned of a deep recession. Brent futures LCOc1 were down 51 cents, or 1.7%, at $29.09 a barrel as of 0735 GMT, giving up earlier gains and extending losses from Tuesday’s 6.7% decline. U.S. West Texas Intermediate crude CLc1 slid 4 cents, or 0.2%, to $20.07, having crashed 10.3% in the previous session. Both benchmarks were stronger earlier in the session, as investors looked for bargains following the slumps on Tuesday, but the higher U.S. crude oil stocks fuelled concerns that a record global output cut by producers would not offset plunging fuel demand due to efforts to contain the coronavirus pandemic. U.S. crude inventories rose by 13.1 million barrels in the week ended on April 10, data from industry group the American Petroleum Institute […]