Oil fell as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of more lockdowns and less global travel. (Bloomberg) — Oil fell toward $47 a barrel after dropping the most since early November on Monday as a faster-spreading strain of the coronavirus discovered in the U.K. raised the risk of more lockdowns and less global travel. Futures in New York for February delivery are down more than 4% so far this week. Many countries have suspended travel with the U.K., where more than 16 million people are now required to stay at home. A resurgence of the virus gathered pace in Asia, with Taiwan recording its first locally transmitted infection since April and a cluster of cases swelling in Sydney. A stronger dollar also reduced the appeal of oil that’s priced in the currency. The Covid-19 mutation is stoking concerns that more parts of […]