Oil rose on Wednesday on hopes for economic recovery and for a clinical trial showing a cheap steroid could help save some critically ill coronavirus patients but fears of a second wave of the virus curbed gains. Brent crude LCOc1 was up 29 cents, or 0.7%, at $41.25 a barrel at 0825 GMT. U.S. West Texas Intermediate (WTI) CLc1 rose 17 cents, or 0.4%, to $38.55 a barrel. The World Health Organization (WHO) said it was moving to update its guidelines after results showed the corticosteroid medication dexamethasone cut death rates by around a third among the most severely ill COVID-19 patients. Yet concerns persist about the spread of the virus in some regions and the risk of second waves where the spread is slowing. “We think the oil market is not currently pricing in a significant probability of either second waves of coronavirus cases in […]