Oil fell more than 2% on Monday, extending last week’s losses as growing cases of COVID-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment. Brent crude was down 89 cents, or 2.1%, at $40.88 by 0647 GMT. U.S. West Texas Intermediate (WTI) dropped 89 cents, or 2.2%, to $38.96, having fallen more than a dollar shortly after the start of trading. Brent fell 2.7% last week and WTI dropped 2.5%. The United States reported its highest number yet of new coronavirus infections in two days through Saturday, while in France new cases hit a record of more than 50,000 on Sunday, underlining the severity of the outbreak. On the supply side, […]