Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere could suppress fuel demand. Brent crude LCOc1 was down by 73 cents, or 1.7%, at $41.62 a barrel by 0712 GMT after falling more than 2% on Thursday. U.S. oil CLc1 fell 83 cents, or 2.1%, at $38.79 a barrel after a drop of 3% in the previous session. Brent looks set for a weekly decline of nearly 3% and U.S. crude for a fall of around 4.5%. Trading was quiet with Singapore on holiday for an election. While many analysts are expecting economies and fuel demand to bounce back from the pandemic, record daily increases in coronavirus infections in the United States, the world’s biggest oil consumer, raised concerns […]