Oil hit a four-month low in London alongside a broader market selloff as swelling U.S. crude stockpiles added to concerns that a fresh surge in coronavirus cases may derail the global economic recovery. Global benchmark Brent futures plunged to the lowest since June, while futures in New York slid 5.5% on Wednesday, falling to the lowest in almost a month. An Energy Information Administration report showed domestic oil inventories rose 4.32 million barrels last week, the most since July. Still, the data showed an unexpected decline in gasoline stockpiles and diesel demand hit the highest since March. Prices already plunged earlier alongside U.S. and European equities as a renewed surge in virus cases and tighter lockdowns raised the risk of another hit to the spotty economic rebound. […]