Oil’s afternoon attempt to hold a rally failed after a breakdown in U.S. equities added to growing negative sentiment spurred by signals of a global economic slowdown. The coronavirus pandemic is causing a deepening demand fallout from the U.S. to Asia. In America, Congress and the White House face a looming deadline to pass another round of virus relief just as jobless claims rose for the first time since March. In South Korea, data showed the nation’s economy sliding into a recession. The S&P 500 Index fell as much as 1.6%, while crude futures in New York tumbled by the most in two weeks on Thursday after earlier receiving a boost from a weaker dollar. Crude is “tied at the head with equity markets here in a risk-off” move, said Tariq Zahir, managing member of the global macro program […]